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oil imports News

India's Crude Oil Imports from Russia Surge to 2 Million Barrels Per Day Amid US Tariffs

Jessica Bennett 15 Aug, 2025

India's crude oil imports from Russia rose to 2 million bpd in August, accounting for 38% of total imports. Despite US tariffs, Indian refiners continue their 'business as usual' a...

Business

India's Trade Deficit Narrows to $20 Billion in June as Oil and Gold Imports Decline

Ryan Peterson 13 Jul, 2025

India's merchandise trade deficit narrowed to $20.7 billion in June 2025, aided by lower oil and gold imports. Strategic sourcing shifts and global oil price drops contributed to t...