India Surpasses China as the Largest Importer of Russian Oil
| Category | Details |
|---|---|
| India's Oil Imports | India overtook China as the world's biggest importer of Russian oil in July 2023. |
| Russian Crude Share | Russian crude made up 44% of India's overall imports, a record 2.07 million bpd, up 4.2% from June. |
| China's Oil Imports | China's July oil imports from Russia were 1.76 million bpd, lower than India's. |
| India's Trade with Russia | India's trade with Russia increased due to oil and fertiliser imports since February 2022. |
| ESPO Blend Crude | India's imports of Russian ESPO Blend crude rose to 188,000 bpd in July. |
| Middle East Oil Imports | India's crude purchases from the Middle East rose 4% in July, with a 40% share in overall imports. |
| Top Suppliers to India | Iraq was the second-largest oil supplier, followed by Saudi Arabia and the UAE. |