India’s top refiner, Indian Oil Corporation (IOC), reports that the spot supply of Russian oil remains stable, trading at a discount, which India has capitalized on to become the largest buyer of Russian crude. Despite U.S. pressure and tariffs on Indian exports, Prime Minister Modi’s government continues to prioritize economic interests, resulting in a strategic approach to oil imports. While August saw a reduction in Russian oil loading due to high inventory levels, IOC is set to purchase more in the coming months, demonstrating India’s commitment to maintaining energy security amidst geopolitical challenges.