Industry News
India Slashes U.S. and Russian Crude, Lifting UAE Share to Record 26.5%
According to Indian government data reported by The Hindu, India eliminated crude imports from the U.S. and reduced Russian purchases by 18% in September 2026. The pivot followed the enactment of a new U.S. sanctions law and saw India expand oil purchases from the UAE by 67% month-on-month. The UAE's share of India's crude imports reached an all-time high of 26.5%, with Russia and the UAE together accounting for 60% of total supplies.
