India’s Russian Crude Imports Drop 29% as China Steps Up Buying
What Happened
According to Kpler trade data cited on October 14, 2026, India’s imports of Russian crude fell 29% from their July peak of 2.1 million barrels per day (bpd) to 1.49 million bpd in September. The decline comes as China increased its purchases, lifting Russian crude imports to 2.3 million bpd, making it the largest buyer. Analysts attribute India’s reduced intake to higher freight costs, tighter discounts, and rising competition from China. Despite the drop, Russia remains India’s top crude supplier, ahead of Iraq and Saudi Arabia.
Key Takeaways
India’s reduced Russian crude intake highlights shifting global oil trade dynamics, with China consolidating its position as the largest buyer. The trend underscores India’s vulnerability to price shifts and supply competition.