India increases Russian oil imports amid Iran conflict
India's crude oil imports from Russia are set to reach a record 2.55 million barrels per day in June, nearly half of its total imports, as the country seeks alternatives amid disruptions from the Iran conflict. Imports from Saudi Arabia have decreased significantly.
pre-market1 source ↓written by the desknot a recommendation
- in June
- 2.55 million bpd
- 2.13 million bpd
- of total imports
- 50%
- this month
- 349,000 bpd
India has ramped up imports of Russian crude oil to a record 2.55 million bpd in June, up from 2.13 million bpd in May. This surge reflects a shift in sourcing due to disruptions from the Iran conflict, with Russian oil now making up nearly 50% of total imports. Imports from Saudi Arabia have declined to 349,000 bpd this month, highlighting the changing dynamics in energy sourcing.
Not investment advice. For informational purposes only.