India’s refiners increase purchases of Russian crude to a record high in June, according to ship-tracking data compiled by LSEG and Kpler. Preliminary figures show Indian refiners receive about 2.70 million barrels per day (bpd) from Russia in June. The data also indicates lower Russian deliveries in May, with Kpler estimating 2.13 million bpd and LSEG at 1.95 million bpd. The reported jump is linked to disruptions affecting other crude supply routes, including uncertainty around the Strait of Hormuz, which refiners seek to offset by buying more Russian barrels. The reports note that Russian oil has become a dominant part of India’s crude intake since 2022-23, with refiners attracted by discounts offered on Moscow-linked supplies. Despite the shift toward Russia, total crude imports for India are reported to be nearly flat at about 4.9 million bpd, with Russia remaining the largest supplier. Russian crude accounts for more than half of India’s overall imports in June, up from 36.5% in May, the data shows.
India’s Russian oil imports rise to record high in June amid supply disruptions
India’s refiners increase purchases of Russian crude to a record high in June, according to ship-tracking data compiled by LSEG and Kpler. Preliminary figures show Indian refiners receive about 2.70 m...
- Ship-tracking data from LSEG and Kpler shows India’s Russian crude imports reach a record high in June.
- Russian oil deliveries to Indian refiners are about 2.70 million bpd in June, versus May estimates of 1.95 million bpd (LSEG) and 2.13 million bpd (Kpler).
- The increase is attributed to efforts to mitigate impacts from disruptions affecting other supply sources, including the Strait of Hormuz.
- India’s total crude imports are reported as nearly flat at about 4.9 million bpd.
- Russian crude makes up more than half of India’s total crude imports in June, rising from 36.5% in May.
NEW DELHI: India's Russian oil imports surged to a record high in June, ship tracking data from LSEG and Kpler showed, as refiners snapped up Russian barrels to mitigate the impact of the Strait of Hormuz closure on other sources of supply. Indian refiners received about 2.70 million bpd of oil from Russia this month, preliminary data from Kpler and LSEG showed.Also Read: India plans to add strategic fuel reserves after Iran war shock India's Russian oil imports in May were 2.13 million bpd, according to Kpler, while LSEG pegged May imports at 1.95 million bpd. Russian oil has been dominating India's crude diet since 2022-23 as refiners turned to barrels sold at a discount after some European customers shunned purchases from Moscow in retaliation for its war on Ukraine. Total crude imports by the world's third-largest oil importer and consumer were nearly flat at 4.9 million barrels per day, the Kpler data showed, with Russia as the largest supplier. Russian oil accounted for more than half of India's overall imports, up from 36.5% in May, the data showed. India has been gorging on Russian oil to make up for the shortfall of supplies from the Middle East.
3 hours ago
Pedestrian injured in e-bike collision calls for crackdown on London Lime bikes
A pedestrian who says she suffered serious injuries after a collision with a child riding an e-bike in London is calling...
Star Health expands Arogya Seva Kendra to offer free care in Mathura
Star Health introduces or expands its Arogya Seva Kendra in Mathura, aiming to bring healthcare services closer to local...
Tree falls on school bus in Mumbai, killing an 11-year-old and injuring children
A tree falls on a school bus in Mumbai, killing an 11-year-old student and injuring multiple children, according to repo...