Why India bought record Russian oil in July despite looming US tariff warning
August 3, 2026
In July, more than one out of every two barrels of crude oil India imported came from Russia — the first time Moscow’s share has crossed the halfway mark.
According to commodity analytics firm Kpler, India imported a record 2.78 million barrels per day (mbd) of Russian crude during the month, up 1.5% from June, against overall crude imports of 4.96 mbd.…
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