Indian Prime Minister Narendra Modi and US President Donald Trump at the White House
India welcomes more US oil and gas
Refiners in India are expected to take greater volumes of US oil in the short term at the expense of Russia
Indian refiners increased their crude imports from the US in January, as if in anticipation of President Trump’s move to hike import tariffs and demand reciprocal trade. The country imported 218,400b/d of oil from the US in January compared with 70,600b/d in December, according to data from analytics company Vortexa. The US was fifth-largest supplier of crude to India during the month. 147,800b/d – Increase in Indian imports of US crude in January compared with December “In 2024, India imported around 186,000b/d of crude from the US, which is around 4% of India's crude import basket,” Ivan Mathews, APAC head at Vortexa, told Petroleum Economist. “Indian refiners have been sourcing re
Also in this section
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
