Russia Captures Record 50.83% Share of India's Crude Oil Imports

Key Facts

In a strategic shift reshaping global energy flows, Russia has secured a historic share of the Indian oil market despite ongoing geopolitical pressures. According to analyst reports, Russian oil imports accounted for over 50% of India's total import volume last month, reaching a record market share of 50.83%. This dominance reflects Moscow's effective redirection of crude supplies toward major Asian markets.

Data shows that Russia exported crude oil to India at a rate of 2.47 million barrels per day, representing a massive 62.4% surge compared to last year's levels. This robust growth in crude exports partially offsets the sharp decline in refined oil product exports, which fell by 33.3% in July due to unplanned refinery maintenance following drone attacks. Per market data, this divergence highlights a structural pivot in Russian exports from refined products toward raw crude oil.

Looking ahead, traders are monitoring the sustainability of this record market share in India amid fluctuating global demand.