India’s Russian Oil Imports Slide From Record High as Supply Tightens

India’s crude oil imports from Russia have eased so far this month from July’s record high, as Ukrainian attacks on Russian export infrastructure and competition from China for Russia’s barrels have dented Indian intake of Moscow’s oil.

India’s imports of Russian oil hit a new all-time high in July and accounted for more than half of total Indian crude oil imports. India’s crude oil imports from Russia rose to 2. 8 million barrels per day (bpd) in July, up from the previous high of 2.