India sourced more than two-thirds of its August oil imports from just three countries
India's oil imports have become increasingly concentrated, with over two-thirds of supplies now sourced from Russia, the U.S., and the UAE. While Russia remains the primary supplier, its share has declined slightly as imports from the U.S. and UAE have surged.
Why it matters
This shift highlights India's limited energy sourcing options and its vulnerability to global price fluctuations and geopolitical supply chain constraints.
India sourced more than two-thirds of its August oil imports from just three countries left India’s oil imports from both the U.S. and the UAE surged in August, with the American oil coming at a substantial premium compared to the average price India paid for oil imports. File Getty Images/iStockphoto Getty Images/iStockphoto https://th-i.thgim.com/public/news/17l39l/article71589764.ece/alternates/FREE_1200/jealous.jpg shotbydave A royalty free image from the oil industry of three pumpjacks on a prairie at sunrise. While Russia’s share in India’s oil imports fell to 44%, from a historic high in July, the shares of both the U.S.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in