Brief by Shorts91 Newsdesk / 12:17pm on 31 May 2025,Saturday Business
India is significantly increasing its crude oil imports from the United States without reducing its dependence on Russian oil, even as Western sanctions against Moscow tighten. In February 2025, U.S. crude exports to India surged to a two-year high of 357,000 barrels per day, up from 221,000 bpd the previous year. By April 2025, the U.S. became India’s fourth-largest crude supplier, overtaking the UAE. Meanwhile, Russia remains India’s top oil supplier at 1.58 million bpd. Indian refiners are diversifying their sources to balance geopolitical interests and ensure energy security. (PC: Forbes)
