India's Imports of Russian Crude Hit New High of 2.8 Million BPD in July, Accounting for Over Half of Total Crude Imports
According to Kpler vessel-tracking data cited by the Times of India, India's crude oil imports from Russia rose to 2.8 million barrels per day (bpd) in July, up from the previous high of 2.7 million bpd in June. Russian oil constituted 55.5% of India's overall crude imports last month, as Indian refiners continued to rely on these volumes amidst shipping threats in the Strait of Hormuz and Bab el-Mandeb Strait. India maintained high levels of Russian imports even after the U.S. waiver allowing such purchases expired in June.
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