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India’s Russian Oil Imports Plummet | India News
India’s Russian oil imports plunged 26% in August as Moscow’s export capacity tightened and Chinese refiners stepped in, while refinery maintenance further reduced demand. Total oil imports fell 8%, but Venezuela rebounded to its highest levels since 2020 thanks to U.S. sanctions relief. Russian crude’s share dropped to 45% from over 55%, though experts say this is a temporary market shift—not a long-term pivot. With Russia’s exports constrained and China snapping up barrels, India may face tighter access and higher prices for Russian oil ahead. Listen in comfort:Get a discount on a Soli…
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