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The Economic Times

Investment / The Economic Times

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Indias Russian oil imports fall 16.5% in August as Middle East supplies rise

Indias Russian oil imports fell 16.5% month-on-month to about 2.1 million bpd in August, while purchases from Iraq rose sharply and Saudi Arabia increased supplies. The shift comes as Middle Eastern producers use storage and export terminals outside the Strait of Hormuz, while Indian refiners weigh future Russian purchases against potential US trade measures.

22 Sep 2026 6:57 pm