Employees: 153The Economic TimesOil Prices: Share of Russian crude in India's imports rises
In April, Russia's share in Indian crude oil imports rose to nearly 40%, up from 30% in March, driven by higher global oil prices. Indian refiners imported 1.78 million barrels per day
Change in Market Shares of India's Top Oil Suppliers in Recent Months. Russia's Gain at the Expense of other Suppliers. A comparison between market shares (by volume) of India's top 10 crude oil suppliers in
The Indian ExpressThe dramatic transformation of India's oil trade
Russia's market share surged to 24.2% in the 14-month period, up from a measly 2% in FY22. according to various analysts and industry
2 days agoNew Delhi, Jun 3 (PTI) India's imports of Russian crude oil surged to a 10-month high of 1.96 million barrels per day in May, driven by continued availability at significant discounts
Times of IndiaIndia's Russian oil imports surge to 10-month high in May
2 days agoIndia's Russian crude oil imports soared to a 10-month high in May, reaching 1.96 million bpd, driven by discounted prices. Russia became India's top supplier, accounting for over
Consequently, between February 2022 and 2025 , India's oil imports from Russia swelled from 1 percent (3.6 million tonnes) to 40 percent (56 million tonnes) of India's gross oil imports.
Business StandardRussian oil prevails in India's July imports despite refinery
Russian oil accounted for close to 45 per cent of India's overall 4.69 million barrels per day in July, marginally higher from 44.4 per cent share in June of 4.6 million bpd of imports, and
India's Russian oil imports recovered in March, returning to near usual levels after a 3-month decline, as non-sanctioned vessels were delivering cargoes, while some supplies were diverted from
Sputnik IndiaRussian Oil Exports to India: What's the Outlook For 2025 ?
Russia was India's top crude supplier in 2025 and 2025 and is on course to complete a hat-trick at the No.1 position in the world's largest democratic nation's oil market in 2025 , energy
Nevertheless, India is clearly the number one opportunistic buyer of Russian oil. Up from negligible volumes in 2021, Indian imports of predominantly crude oil peaked at 2.1m b/d over May to June, before falling
miristanBusiness India Russia: Consulting and Services for Exporters,
Promoting and Facilitating International Trade and Commerce between India and Russia/CIS through Research and Dissemination of Market Insights and Lucrative Business Opportunities. We are
13 comprehensive market analysis studies and industry reports on the Fats and Oils sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. Groundnut Oil
India's Oil Imports From OPEC Hit Record Low as Russian
OPEC's market share in India slumped to an all-time low of below 50% of India's crude oil imports in the 2025 -2025 fiscal year, as Russian oil flows to the world's third-largest
India's Russian oil imports in April rose 2.1 per cent over March to 1.92 million barrels per day (bpd), even as overall oil imports contracted 7.3 per cent sequentially to 4.88 million bpd,
Market Research FutureFats and Oil Market Demand, Size, Share, Report 2032
Global Fats and Oil Market Overview. Fats and Oil Market Size was valued at USD 239.5 Billion in 2025 . The Fats and Oil industry is projected to grow from USD 250.5 Billion in 2025 to USD 358.9
The Oils and Fats Business produces sunflower oil from Russian raw materials only; we use cutting edge technologies at our 3 oil extracting plants in Bezenchuk, Atkarsk and Balakovo. Our
- Why did India import Russian crude oil in May?
- India’s imports of Russian crude oil surged to a 10-month high of 1.96 million barrels per day (bpd) in May, driven by continued availability at discounted prices compared to global benchmarks, according to ship-tracking data from Kpler. As the world’s third-largest oil importer and consumer, India imported around 5.1 million bpd of crude in May.
- Are Indian Oil imports affecting Russia's economy?
- The economic impact of Indian oil imports for Russia has far exceeded the positive impact of Russian oil discounts for India. The Russian economy is increasingly dependent on oil exports to stay afloat, and these revenues are the largest source of funds for the Kremlin.
- Is Russia India's top oil supplier?
- Russia became India's top supplier, accounting for over 38% of total imports. Despite potential headwinds like increased Russian refinery throughput, Russian crude is expected to maintain a significant share in India's oil import basket.
- Which countries saved Russia's oil exports?
- After the sanctions took hold, China and India were the lifelines that saved Russian oil exports and therefore the Russian economy. In 2023, India alone purchased 36% of Russian crude oil exports, according to the International Energy Agency.
- How did India's oil imports change in fiscal year 2024-25?
- India's oil imports saw a shift in fiscal year 2024-25, with OPEC's share hitting a record low as Russian oil imports surged. Refiners favored discounted Russian crude, making Russia the top supplier for the third consecutive year. Consequently, imports from Saudi Arabia and Iraq declined significantly due to pricing and geopolitical factors.
- Which country exports the most crude oil in India?
- India accounted for 36% of Russian crude oil exports in 2023, while Russia made up 38% of India’s crude imports. See IEA, “Indian Oil Market: Outlook to 2030,” 41.
