India's Oil Supply Steady Amid Global Tensions

India's crude oil imports remain robust, with Russian supplies stabilizing at approximately 1.9 to 2 million barrels per day as of May 20, 2026. This steady flow has occurred even after the expiration of a US sanctions waiver, ensuring the country does not face an immediate shortage.

Russia's crude continues to provide significant advantages for India, particularly in terms of pricing and logistical convenience. These benefits are crucial for maintaining energy security in the current global climate.

Despite the stable import volumes, significant global uncertainties persist. Geopolitical tensions and potential disruptions to oil transit through critical chokepoints like the Strait of Hormuz represent ongoing risks to international energy flows. India's energy security, while currently assured by Russian imports, remains indirectly linked to these broader global dynamics.