India sourced more than two-thirds of its August oil imports from just three countries

AI Summary

India sourced more than two-thirds of its August oil imports from Russia, the United States, and the UAE. Russia’s share fell to 44% from its July peak, while the U.S. and UAE shares increased to bring the three countries’ combined share to a record high.

While Russia’s share in India’s oil imports fell to 44%, from a historic high in July, the shares of both the U.S. and the UAE surged, resulting in the cumulative shares of the three countries reached an all-time high