{"id":18037,"date":"2026-08-14T10:57:31","date_gmt":"2026-08-14T10:57:31","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=18037"},"modified":"2026-08-14T10:57:31","modified_gmt":"2026-08-14T10:57:31","slug":"russian-share-of-indias-oil-imports-surges-to-record-high-in-july","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/18037\/","title":{"rendered":"Russian share of India’s oil imports surges to record high in July"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Indian dependence on Russia’s crude surged to a record in July, with shipments from the country making up 50.83% of imports by the third-biggest oil buyer and consumer, or 2.47 million barrels per day, \u200cdata from trade sources showed.<\/p>\n

India’s July imports of Russian oil were up 62.4% from a year earlier, but down 4.8% from June’s record figure of 2.6 million bpd, the data showed.<\/p>\n

In January, Indian refiners began cutting Russian oil imports to avoid higher U.S. tariffs as New Delhi negotiates a trade deal with Washington.<\/p>\n

However, disruptions to Middle \u2060East supply triggered by the Iran war compelled Indian refiners to keep buying Russian barrels.<\/div>\n
But India’s Russian crude buying faces uncertainty after legislation passed by the U.S. Senate this month to impose tariffs of 100% on buyers of Russian oil, stepping up economic pressure on Moscow over its 2022 invasion of Ukraine.<\/div>\n

The House of Representatives has yet to approve the measure.<\/p>\n

Russia’s share of India’s crude imports hit a record 43.25% in the first four months of the financial year that began in April, averaging more than 2 million bpd, up from a share \u200cof \u2060about 37% a year earlier, the data showed.<\/p>\n

The shift came largely at the expense of Middle Eastern suppliers, whose share of India’s crude imports fell to about 30% in the period from April to July, versus 43% a year earlier.<\/p>\n

The share of Latin American oil rose from 3.5% to \u206012.7%, mainly due to higher imports from Brazil and Venezuela, the data showed.<\/p>\n

India relies on imports for more than 90% of its crude oil needs, making it vulnerable to disruptions in global oil trade.<\/p>\n

Russia \u2060remained India’s largest crude supplier during the April-July period, while the United Arab Emirates overtook Iraq to become the second-largest supplier, the data showed.<\/p>\n

The UAE, which exited OPEC in April, \u2060has been offering large volumes through spot tenders, allowing Indian refiners to increase purchases. Last year, the UAE was India’s No. 4 supplier.<\/p>\n","protected":false},"excerpt":{"rendered":"Indian dependence on Russia’s crude surged to a record in July, with shipments from the country making up 50.83% of imports by the third-biggest oil buyer and consumer, or 2.47 million barrels per day, \u200cdata from trade sources showed.","protected":false},"author":1,"featured_media":18038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47,46,36,19,16,35],"tags":[],"services":[],"class_list":["post-18037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-international","category-lastnews","category-news","category-oil","category-topnews"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/18037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=18037"}],"version-history":[{"count":1,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/18037\/revisions"}],"predecessor-version":[{"id":18039,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/18037\/revisions\/18039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/18038"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=18037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=18037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=18037"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=18037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}