{"id":16178,"date":"2026-08-20T13:47:52","date_gmt":"2026-08-20T10:47:52","guid":{"rendered":""},"modified":"2026-08-20T13:47:52","modified_gmt":"2026-08-20T10:47:52","slug":"china-outpaces-india-in-race-for-russian-crude-oil-supplies","status":"publish","type":"post","link":"https:\/\/harici.com.tr\/en\/china-outpaces-india-in-race-for-russian-crude-oil-supplies\/","title":{"rendered":"China outpaces India in race for Russian crude oil supplies"},"content":{"rendered":"<p>China has accelerated its crude oil purchases from Russia to replace oil shipments originating from the Middle East.<\/p>\n<p>According to a Reuters <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.reuters.com\/commentary\/reuters-open-interest\/china-boosts-imports-russian-crude-stymieing-indias-refiners-2026-08-20\/\">report<\/a><\/span> based on data from energy analytics firm Kpler, China is outpacing India in the Russian oil market.<\/p>\n<p>India&#8217;s crude imports from Russia&#8217;s European ports fell by approximately 30% in August.<\/p>\n<p>Beijing&#8217;s increased purchases could curb India&#8217;s exports of refined petroleum products and consequently trigger a diesel and gasoline shortage across Asia.<\/p>\n<p>While China previously favoured ESPO blend crude shipped from Russia&#8217;s Asian ports, the share of its purchases from Russia&#8217;s European ports, consisting primarily of the Urals grade, has climbed to 31%.<\/p>\n<p>Russian crude imports by India, the world&#8217;s third-largest oil importer, dropped to 1.87 million barrels per day in August. This volume remained well below the 2.79 million barrels per day recorded in July.<\/p>\n<p>Under this scenario, which poses a risk to the Asian region, India stands as the region&#8217;s largest exporter of diesel and gasoline.<\/p>\n<p>However, the country&#8217;s total crude imports in August were recorded at 4.17 million barrels per day. This figure marked the lowest level since the outbreak of conflict in the Middle East.<\/p>\n<p>If the tightening raw material supply prevents Indian refineries from maintaining processing throughput, a severe deficit in refined products could emerge across the Asian market starting in September.<\/p>\n<p>The Times of India previously <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/russian-crude-imports-in-july-highest-since-ukraine-war\/amp_articleshow\/132815953.cms\">reported<\/a><\/span> that India&#8217;s Russian crude imports reached their highest share since 2022 in July.<\/p>\n<p>During that period, Russia supplied more than half of India&#8217;s total crude imports of just over 5 million barrels per day, delivering 2.8 million barrels per day.<\/p>\n<p>At the end of July, the Russian government extended its temporary export ban on gasoline, diesel, and other fuel types until 31 January 2027.<\/p>\n<p>Under the restrictions that took effect on 1 August, direct exports of diesel, marine fuel, and gas oils by refiners will be exempted starting 1 September.<\/p>\n<p>Bloomberg <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-08\/russian-oil-fetches-discount-in-india-first-time-over-two-months\">reported<\/a><\/span> in June that Russian Urals crude was being sold in India at a $3.90 discount per barrel against international benchmarks after a hiatus of more than two months.<\/p>\n<p>Urals crude traded at a discount again on 29 May for the first time since mid-March.<\/p>\n<p>According to The Times of India, however, this discount on Russian Urals crude had almost entirely evaporated by early August.<\/p>\n<p><!-- notionvc: 222ab76d-3747-4c00-aaf9-aa4af3816dcf --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China has accelerated its crude oil purchases from Russia to replace oil shipments originating from the Middle East. According to a Reuters report based on data from energy analytics firm Kpler, China is outpacing India in the Russian oil market. India&#8217;s crude imports from Russia&#8217;s European ports fell by approximately 30% in August. Beijing&#8217;s increased [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16179,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[4],"tags":[21277,5946,529,7308,17882,3865,21274,21278,21051,21276,1092,13592,950,14233,21275,6910,683,21273,13589],"class_list":["post-16178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia","tag-asian-energy-market","tag-bloomberg","tag-china","tag-crude-oil","tag-diesel-shortage","tag-energy-security","tag-espo-blend","tag-export-bans","tag-fuel-exports","tag-gasoline-supply","tag-india","tag-kpler","tag-middle-east","tag-oil-discounts","tag-oil-refining","tag-reuters","tag-russia","tag-the-times-of-india","tag-urals-crude"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China outpaces India in race for Russian crude oil supplies - 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