India's Russian oil imports hit record high
According to Kpler, India's daily crude oil imports currently total approximately 5 million barrels, of which more than 2.6 million barrels come from Russia.
Consensus
- India imported over 2.6 million barrels of Russian crude oil per day in June and July.
- This volume accounted for more than half of India's total crude oil imports.
- The level of dependence on Russian oil is described as a record by multiple sources.
- India's total daily oil imports are approximately 5 million barrels.
- The increase in Russian oil imports occurred after a prior reduction in 2023 due to U.S. pressure.
- The ongoing crisis in the Middle East and disrupted oil transit through the Strait of Hormuz contributed to the renewed reliance on Russian oil.
- The Financial Times reported these findings based on data from the Kpler analytics platform.
Points of divergence
- India imported around 2.9 million barrels of Russian oil per day in July, the highest since 2022, with Russia's share reaching 55.5% of total imports. — vesti
- India resumed importing Russian oil due to the failure to sign a peace agreement between Washington and Tehran. — vesti
- The U.S. provided India with exceptions allowing it to purchase Russian oil in an effort to stabilize the situation in the Persian Gulf. — kommersant
- India's total daily oil imports reached their highest level since the beginning of U.S. and Israeli airstrikes on Iran in late February. — kommersant
Coverage (2 sources)
- India reached a record level of dependence on Russian oil — Вести
- FT: India's dependence on Russian oil has reached record levels — Коммерсантъ