India is set to hit a record level of Russian crude imports as geopolitical disruptions force a shift in its energy sourcing strategyExecutive summary: India announced that June imports of Russian crude will top 2.6 million barrels per day, a new record. The move underscores India’s vulnerability to Middle‑East supply shocks and its willingness to deepen ties with Russia for energy security. Indian refiners and the government; Russian oil exporters; U.S. authorities granting waivers; global oil markets. India may negotiate longer‑term contracts with Russia and expand strategic petroleum reserves, while market participants watch price implications.India’s crude imports from Russia are projected to reach 2.6 million barrels per day in June, the highest on record. The surge is driven by the Hormuz Strait crisis and U.S. waivers that have made Russian oil more accessible, prompting India to lean heavily on Moscow’s supply despite broader market volatility.Connected developmentsThe Hormuz Crisis Has Forced India to Rethink Its Energy StrategyIndia Orders Major Strategic Oil Reserve Expansion After Supply CrisisIndia Orders Major Strategic Oil Reserve Expansion After Supply CrisisIndia Isn’t Rushing Back to Middle Eastern Oil Despite Hormuz ReopeningTelegram ban in India sparks a rush to VPNs, rival appsThe artificial ice pyramids saving India's mountain villagesOpen the full case file on Beyond →
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