🇮🇳🛢 India’s crude oil imports reach a record high Indian refineries imported a record 5.54 million barrels of crude per day in October, taking advantage of improved availability to build stocks ahead of festive demand while also processing larger volumes for international markets facing supply shortages. According to S&P Global, crude imports rose 9% both month on month and year on year. The monthly average surpassed the previous record of 5.50 million barrels per day, set in March 2025. Russian oil supplies to India rose sharply during the first half of 2026, increasing from 1.17 million barrels per day in January to a peak of 2.43 million in June. They subsequently fell to 1.64 million in September, before recovering to almost 2.1 million in October. Preliminary estimates from India’s petroleum ministry indicate that refineries processed 5.62 million barrels per day in September, up 9.1% year on year. Throughput exceeded the target of 5.27 million barrels per day by 6.6%. #info #India #resources
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