India cuts oil imports from US and Russia, boosts UAE purchases

India's crude oil sourcing in September reflected a significant rebalancing, with imports from both the United States and Russia declining during the month, according to government trade data reviewed by analysts. The reduction coincided with heightened scrutiny of India's energy ties to Russia, including legislative developments in Western nations seeking to restrict Russian oil flows. Despite the monthly pullback, Russia remains among India's top two crude suppliers, underscoring the continued importance of Russian energy to India's fuel security. The UAE, meanwhile, expanded its share of Indian crude imports, capitalizing on increased demand and robust trade relations between the two nations. Together, Russia and the UAE control approximately 60 percent of India's total crude oil imports, highlighting the significant concentration of India's oil supply chain among just two sources. This dependency reflects both geographic proximity and established commercial relationships, though it also exposes India to potential supply disruptions from either nation. Industry analysts note that while India has sought to diversify its crude sources over recent years, the structural advantages of Russian and Emirati supplies—including pricing, logistics, and payment mechanisms—continue to make them attractive to Indian refiners regardless of international pressure.