India increased its crude oil purchases from Russia and the United Arab Emirates in June while imports from the U.S. fell sharply [1, 2].
This shift in procurement strategy allows Indian refiners to secure essential energy supplies before oil flows through the Strait of Hormuz are fully restored following its reopening [1, 5].
Data shows that India's crude oil imports from the U.S. dropped to 91,000 barrels per day in June, a significant decrease from the 252,000 barrels per day recorded in May [1]. This decline coincides with a strategic pivot toward other major producers to ensure energy security during the recovery period of critical maritime routes.
Russian crude is expected to account for over 40% of India's total oil imports in June [4]. The reliance on Russian energy continues to be a cornerstone of India's import profile as it seeks cost-effective alternatives to Western supplies.
Simultaneously, shipments from the UAE reached near-record levels in June [3]. By diversifying and increasing volume from these two partners, India is mitigating the risks associated with the gradual stabilization of the Hormuz corridor.
Indian refineries have prioritized these shipments to maintain steady operations and avoid potential shortages. The move reflects a broader effort by the government and private refiners to stabilize the domestic energy market against geopolitical volatility in the Middle East [2, 5].
“Russian crude is expected to account for over 40% of India's total oil imports in June.”
India's tactical shift in oil sourcing demonstrates a priority for supply certainty over geopolitical alignment. By aggressively increasing imports from Russia and the UAE while reducing U.S. reliance, India is hedging against the uncertainty of the Strait of Hormuz's full recovery, ensuring that refinery throughput remains constant regardless of maritime delays.
