finance
India Crude Stocks Reach 104 Million Barrels After Record June Imports
India's total crude inventories reached 104 million barrels by the end of June 2026. Imports hit a record 5 million barrels per day that month, with 2.6 million barrels per day sourced from Russia.
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com reported. The total marked a recovery from 90.5 million barrels at the end of April and approached the 107 million barrels held at the end of February before the Iran conflict began. India imported a record 5 million barrels per day of crude in June, including 2.6 million barrels per day from Russia.
Refiners increased purchases from Russia and Venezuela to replenish inventories after the conflict reduced flows through the Strait of Hormuz. India's Strategic Petroleum Reserve holds 39 million barrels, equal to eight days of the country's roughly 5 million barrels per day consumption.
The country ranks as the world's third-largest crude oil buyer and has stated plans to expand storage capacity to improve resilience against supply disruptions.
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