New Delhi: India has reportedly recorded its highest-ever crude oil imports, bringing in around 5.6 million barrels per day, according to a recently published report. The record highlights the country's growing energy requirements and its increasing dependence on international oil markets.

Russia continues to remain India's largest crude oil supplier, accounting for approximately 44 per cent of the country's total imports. Russian shipments reportedly stand at nearly 2 million barrels per day, making Moscow a key player in India's energy supply chain.

The United Arab Emirates (UAE) ranks second, contributing around 17.4 per cent of India's crude oil imports. The United States accounts for approximately 5.1 per cent, while Iraq and several other oil-producing nations also remain important suppliers.

India's oil import strategy is largely influenced by global crude prices, commercial considerations and discounts offered by exporting countries. Indian refiners regularly adjust their sourcing strategies to secure supplies at competitive prices and maintain a balance between energy security and import costs.

Changes in the pricing of Russian crude have also encouraged Indian companies to explore alternative suppliers. Venezuela and other oil-producing nations have emerged as potential sourcing options when commercially viable.

This diversification reflects India's broader energy diplomacy, as the country seeks to strengthen its energy security, reduce supply risks and maintain stable access to crude oil amid changing global market conditions.