India has already purchased nearly 16 million barrels of Russian crude so far in March 2026, translating to roughly 1.6 million barrels per day, indicating a sharp uptick.
As discounted Russian barrels increasingly flow to China, Indian refiners lift more from Saudi Arabia, Iraq and the UAE, while also eyeing Venezuelan cargoes to diversify risk.
Saudi Arabia shipments may hit over 1.1 million barrels a day, the highest since Nov 2019, nearing Russia levels as India closes the supply gap, Kpler says.
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Also Read: Nuances, complexities &...
New Delhi: India’s energy purchases will be dictated by “national interest”, including “adequate availability” and prevailing global oil prices, Foreign Secretary Vikram Misri said...
US President Donald J. Trump announced Monday the conclusion of a trade deal with India, that will see New Delhi curb its Russian oil purchases. MEA says will continue purchases based on market dynamics.
US President Donald J. Trump announced Monday the conclusion of a trade deal with India, that will see New Delhi curb its Russian oil purchases. MEA says will continue purchases based on market dynamics.
The latest comment comes as New Delhi and Washington have yet to sign a trade agreement. India’s purchase of Russian oil has reduced, but Moscow remains top source for crude.
While US & Indian officials have signaled that a deal was within reach, talks have dragged on amid disputes over tariffs, market access & protections for politically sensitive sectors.
Under the agreement, the loitering munitions will be offered to the Indian Army as part of efforts to address what the companies described as an ‘urgent requirement’.
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