India’s Oil Imports Hit Record In July As Russian Supplies Dominate And Gulf Flows Recover

India’s crude oil imports from Russia surged to a record 2.8 million barrels per day in July 2026, accounting for 55.5% of total purchases, while Gulf suppliers such as Saudi Arabia, Iraq, and Kuwait returned strongly as Strait of Hormuz flows normalised, Times of India reported.Discounts on Russian Urals crude have nearly vanished, yet Moscow remains India’s most reliable supplier amid ongoing
India’s crude oil imports from Russia surged to a record 2.8 million barrels per day in July 2026, accounting for 55.5% of total purchases, while Gulf suppliers such as Saudi Arabia, Iraq, and Kuwait returned strongly as Strait of Hormuz flows normalised, Times of India reported.Discounts on Russian Urals crude have nearly vanished, yet Moscow remains India’s most reliable supplier amid ongoing
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