Signal · Commodities & Input Costs
Russia Captures Record Share of India’s Oil Market
What the source reported
Source-reportedCrude oil imports from Russia accounted for over 50% of India’s total import volumes last month. This was the highest share of Russian oil in India’s import mix, Reuters noted in a report that cited unnamed trade sources. Russia exported crude at a rate of some 2.47 million barrels daily to India last month, which was a 62.4% surge from a year ago and represented a 50.83% share of total oil imports into the world’s third-largest oil buyer. However, July volumes were a decline on June’s average, which stood at 2.6 million…
- Publication
- Oilprice.com · Trade Publication
- Published
- 14th August 2026
- Original report
- oilprice.com
ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.
What ProcIntel recorded
ProcIntel-derived- Category
- Commodities & Input Costs
- Geography
- Global
- Organisations
- None identified
- Collected
- 14th August 2026 · 08:46
Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Initial Significance Moderate (25.0/100). Strongest contributor: Geographic Breadth (7.0/10 points). Limiting factor: Likely Event Severity (3.0/30 points). Initial Confidence Low (31.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (2.5/25 points).
- Strongest contributor
- Geographic Breadth
- Limiting factor
- Likely Event Severity