India’s Russian oil imports surge to 10-month high in May amid diversification push

India’s Russian crude oil imports soared to a 10-month high in May, reaching 1.96 million bpd, driven by discounted prices. Russia became India’s top supplier, accounting for over 38% of total imports. Despite potential headwinds like increased Russian refinery throughput, Russian crude is expected to maintain a significant share in India’s oil import basket.