India buys record-high volumes of Russian crude oil in June, with trade flowing into multiple refineries as disruptions tighten supplies from other regions. Bloomberg and Indian outlets report that Russian deliveries to India stay near June’s record level into July, supporting refiners’ intake. Several reports cite ship-tracking data from LSEG and Kpler as the basis for the figures.
Economic Times and Deccan Chronicle say June Russian imports reach a record high, while total crude imports are broadly steady to modestly higher month-on-month. The Economic Times adds that refiners increase Russian purchases partly to offset risk from possible Strait of Hormuz disruptions, and it links the shift to the longer-running discount Russian crude has offered since 2022–23. The Economic Times also notes Russian crude’s share of India’s imports rises to over half in June, while other analysis from The Hindu says Russia’s share crosses 40% even as India imports from other sources such as Iran and Venezuela.
Some outlets also focus on the evolving pricing and risk outlook. NDTV and Economic Times (India) describe a reduction in discounts on Russian crude for deliveries beyond the near term, as global disruptions tied to shipping in the Red Sea and renewed Hormuz-related concerns lift demand and costs for refiners. Business Line highlights ongoing uncertainty around Russian crude logistics, including risks involving Novorossiysk after Ukrainian attacks.
