Policy
Shrinking Inventories, Slowing Demand: Sans War Crude Prices Will Drop, Extent Of Fall Uncertain
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The Trump Administration’s Continued Obsession With Russian Oil
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India Increases Imports Of Crude From Venezuela, US Imports Fluctuate
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Indian Govt. To Spend Rs 840 Billion In Search Of Oil In Deep Waters
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India Successfully Manages The LPG Crisis
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Regulation
Striving To Raise Share Of Natural Gas In India’s Energy Mix
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India Keen To Enhance Share In Global VLGC Fleet
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High Procurement Cost Of Ethanol Triggers Fresh Controversy
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ONGC-OIL Joint Operating Agreement For Exploration Blocks
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Alternative Energy / Fuel
India’s Solar Growth Enters A New Era
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New Projects
Union Cabinet Approves Offshore Exploration Scheme
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Cabinet Approves Gobardhan Scheme
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CPCL Plans Manali Refinery Expansion To 280,000 Bpd
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Market Watch
IOC Launches Indane XTRALITE LPG Delivery Service In Delhi
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Companies
Fugro
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Fugro Awarded Three-Year Deepwater ROV Contract In India
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GRSE Bags ONGC Contract To Build Four Platform Supply Vessels
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Press Release [FREE Access]
Today's News » India’s US crude imports head for lowest level since Dec 2024: Here’s why
August 12, 2026: India’s imports of crude oil from the US are on track to fall to their lowest level since December 2024, even as Washington pushes New Delhi to reduce its dependence on Russian oil.
 
In a post on LinkedIn, Kpler analyst Sumit Ritoliaa cited data to point to the decline in US crude flows to India. The trend comes despite repeated efforts by the US administration to encourage India to buy more oil from alternative sources, including the US and Venezuela.
 
Kpler data cited by Ritolia show the sharp reversal in India’s US crude purchases. Imports from the US climbed to around 565,000 barrels per day (bpd) in October 2025, the highest level on the chart, before falling steadily in the months that followed. Flows dropped to about 295,000 bpd in January 2026, 215,000 bpd in February and 165,000 bpd in March. After a brief recovery to around 250,000 bpd in May, imports fell to about 160,000 bpd in June and 125,000 bpd in July.

The latest August reading is around 75,000 bpd, putting imports close to the roughly 70,000 bpd recorded in December 2024. From the October 2025 peak, US crude flows to India have fallen by nearly 87 per cent.
 
The decline shows the role of refinery economics, crude quality, freight costs and shipping routes in determining India’s oil purchases.
 
US has pushed India to buy more oil
 
Washington has been seeking to reduce India’s purchases of Russian crude, particularly since the US imposed additional tariffs on Indian goods over New Delhi’s Russian oil purchases.
 
The US has also offered alternative supplies. In February, US Ambassador to India Sergio Gor said Washington was in active discussions with New Delhi over Venezuelan oil sales as India looked to diversify its crude sources

(Source: Business Standard)


To download the latest issue 'Volume 33 Issue 9 - August 10, 2026', click here
Petro Intelligence [FREE Access]
Alliance That Could Break With A Corrupt Past
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Hormuz Becomes A Theatre Of War
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Competitive Pricing Of Oil And Gas luding Indian Consumers
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Why Is US Interested In India’s Energy Sector? Time For Strategic Thinking
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Foreign Investment
Brookfield’s $ 600 M India-Focused Renewable Energy Platform
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Overseas Investment
OVL Seeks Operatorship Of Venezuela Oil Blocks
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Gas Scene
India’s City Gas Distribution (CGD) sector is expanding rapidly
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Updated Graphic Presentation of India’s Natural Gas Consumption and Import Dependency
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Dismal Domestic Natural Gas Scene In June 2026
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India’s Rising LNG import, Rusting Capacity Of Many LNG terminals
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Domestic Natural Gas Scene In May 2026
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Sector-Wise Consumption Of Natural Gas In India
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CGD Sector’s Increasing Share In India’s Natural Gas Consumption
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Domestic Natural Gas Scene In May 2026
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A Total Picture of India’s Domestic Natural Gas Scene
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Coal Bed Methane Development in India
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Domestic Natural Gas Scene In April 2026
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A Graphic Presentation Of India’s Domestic production of Natural Gas, Consumption, Import dependency
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Natural Gas Pipeline Operators In India, A Graphic Presentation
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Domestic Natural Gas Scene In FY 2025-26
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Domestic Natural Gas Scene In February 2026
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Data Section
Monthly Upstream Data
Monthly Downstream Data
Historical database
Data Archives
Special Database
Indian Crude Basket Price Down In July M-o-M, Up Y-o-Y
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What Pushed Up Crude Processing In FY ’26?
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Distillate yield of PSU refineries in the last two years
more...


What Precisely is The Share of Imported Crude In Processed By Indian refineries?
more...


Import, Export Of Petroleum Products Decline In June 2026
more...


Barrel Of Crude Processed In FY ‘26: Products Yield and Their Uses
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Analysis Of The Type Of Crude Oil Processed By Indian Refineries In June 2026
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World Oil Demand Picture Looks Positive
more...


India’s Crude Oil Imports Continue With The Declining Trend
more...


Indian Crude Basket Price Down & Up In June 2026
more...


India’s Exploration Round NELP Launched In 1999 Has 32 Parties Still Operating
more...


India’s Overseas Crude Production Up Even As Domestic Production Drops In FY ’26
more...


Petroleum Products Consumption Drops In June 2026
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Consumption Growth of Petroleum Products
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India’s Rising LNG import, Rusting Capacity Of Many LNG terminals
more...


Indian Refineries Love High Sulphur Crudes For Processing
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Stagnating Domestic Crude Production, Its Shrinking Share In Petroleum Products Consumed
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Tenders [FREE Access]
SCI Tender For LNG Fuelled Container Vessels
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