Russian share of India’s oil imports surges to record high in July

Russian crude accounted for the largest share of India’s oil imports on record in July, with supplies rising to about 2.8 million barrels per day and making up roughly 55.5% of India’s total crude imports. The increase follows months in which India kept buying discounted Russian barrels even as Western sanctions tightened and waivers expired. Data cited by analysts points to growth across multiple Indian receiving terminals, helping refiners maintain feedstock despite disrupted shipping routes.