In what can be seen as an effort to ease tensions with the Trump administration, India has substantially increased its crude oil imports from the United States. The country’s crude oil imports from the US reached 540,000 barrels per day as of October 27, which is a highest level of surge since October 2022, as per Kpler.

The month of October is expected to close with nearly 575,000 barrels per day (bpd) of oil imports from the US, while November could record around 400,000–450,000 bpd, reported PTI. This is a sharp increase from the average of about 300,000 bpd seen earlier this year.

Why the spike in US oil imports?

Analysts say the jump is mainly driven by economic factors. A wider gap between Brent and WTI oil prices, along with weak demand from China, made US-grade WTI Midland o

See Full Page