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India's 30-Day Russian Oil Purchase Potential: Iran Crisis Solution & Profit-Loss Analysis
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US Reprieve: India Targets 63M Barrels of Russian Oil in 30 Days
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News18
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06-03-2026, 15:46
US Reprieve: India Targets 63M Barrels of Russian Oil in 30 Days
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US grants India a 30-day window to purchase crude oil from Russia amidst Middle East tensions and energy crisis.
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India could import up to 63 million barrels of Russian oil in 30 days, based on its record purchase capacity of 2.1 million barrels/day.
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India's daily oil consumption is around 5.6-5.7 million barrels; 60 million barrels from Russia would cover about 10 days of demand.
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Refinery and storage capacity, along with available vessels, are key factors determining actual import volumes.
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Russia has 9 million barrels of oil loaded and 6 million more offered, totaling 15 million barrels ready for India.
Read Full Article on News18 in Hindi
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