EconomyRussian oil shipments to India reached nearly 2 million bpd in October
Russian oil deliveries to India averaged about 2 million barrels per day in October, according to data cited by Press Trust of India. Together with 2.3 million bpd from the Middle East, they helped lift Indian companies’ overseas crude purchases to a record 5.6 million bpd. India imports nearly 90% of its hydrocarbon needs, while Middle Eastern fuel supplies remain exposed to volatility around the Strait of Hormuz.
Russian oil shipments to India reached nearly 2 million bpd in October