India's Imports of Russian Crude Reach Record High in July
In July 2026, India’s imports of crude oil from Russia reached a record high average monthly volume of 2.8 million barrels per day (bpd), according to vessel-tracking data by Kpler cited by the Times of India. This marked an increase from June's previous peak and accounted for over half—55.5%—of India’s total crude imports, which stood at just under 5 million bpd. Indian refiners continue prioritizing Russian oil amid ongoing shipping disruptions in key maritime chokepoints like the Strait of Hormuz and Bab el-Mandeb Strait. In addition to record Russian volumes, India also increased its crude purchases from Saudi Arabia, Iraq, and Kuwait for the first time since March. The UAE remained India’s second-largest supplier as it ramps up production outside the affected straits. Despite the expiration of a U.S. waiver on June 17 that had allowed Indian refiners to import Russian oil loaded at sea, shipments from Russia continued unabated in July. Analysts suggest this trend is likely to persist due to ongoing uncertainties around shipping through key Middle Eastern waterways.
Topics: India energy strategy Russian crude Strait of Hormuz tensions