India welcomes more US oil and gas

Refiners in India are expected to take greater volumes of US oil in the short term at the expense of Russia

Indian refiners increased their crude imports from the US in January, as if in anticipation of President Trump’s move to hike import tariffs and demand reciprocal trade. The country imported 218,400b/d of oil from the US in January compared with 70,600b/d in December, according to data from analytics company Vortexa. The US was fifth-largest supplier of crude to India during the month. 147,800b/d – Increase in Indian imports of US crude in January compared with December “In 2024, India imported around 186,000b/d of crude from the US, which is around 4% of India's crude import basket,” Ivan Mathews, APAC head at Vortexa, told Petroleum Economist. “Indian refiners have been sourcing re