Russia Captures Record Share of India's Oil Market, Exceeding 50%

Source Summary

Russian crude oil imports accounted for over 50% of India's total oil imports last month, the highest share on record. Russia exported approximately 2.47 million barrels daily to India, a 62.4% increase year-over-year, representing 50.83% of the world's third-largest oil buyer's total imports. July volumes declined from June's average of 2.6 million barrels daily.