India’s Imports of Russian Crude Hit New High in July

AI Summary

India’s imports of Russian crude oil hit a record high in July, reaching 2.8 million barrels per day, which accounts for over half of the total Indian crude imports. This marks an increase from the previous high in June and reflects India's growing dependency on Russian oil amid shifting global energy dynamics.

India keeps buying a lot of Russian oil, with July imports hitting a new all-time high and accounting for more than half of total Indian crude oil imports. 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, for the highest average monthly volume ever, according to vessel-tracking data by Kpler cited by the Times of India on Monday.  Total Indian crude oil imports inched up slightly from June to stand at just over 5 million bpd in July, per the…