Russian Crude Exports to India Fall Amid Pipeline Disruptions

S&P Global data shows Russia's crude oil exports to India fell 59 per cent in August to 810,000 barrels per day, down 38 per cent year-on-year.

Ukrainian drone strikes damaged Russian refineries and Black Sea export hubs like Novorossiysk, leaving nearly half of Russia's refining capacity offline at August end.

In an unusual trade reversal, Moscow imported around 1.2 lakh tonnes of gasoline from India in August to make up for domestic refining shortages.