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Russian Oil Likely to Regain Top Supplier Status in India

Russian oil imports to India are set to rebound this month following a dip in February. Supply disruptions in the Middle East have driven demand back to Moscow.

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Recent shipping data indicates that Iraq surpassed Russia as the primary oil supplier to India during February. However, market analysts anticipate that Moscow will reclaim its leading position this month following a decision by the United States to waive certain sanctions on Russian supplies amid escalating tensions in the Middle East.

A tourist observes the MT Desert Kite, a tanker carrying Russian crude, off the coast of Gujarat, India, in March 2026. REUTERS/Amit Dave
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