India requests United States to extend Russian oil waiver amid Middle East conflict

Key facts

• India has requested the United States (US) to extend the waiver on Russian oil imports due to the ongoing 11-week war in the Persian Gulf.
• The current US authorisation allowing the import of Russian crude oil is scheduled to expire on 16 May.
• Indian imports of Russian oil reached a record daily inflow of 2.3 million barrels in May according to data from Kpler.
• Officials in New Delhi highlighted that energy supply remains a priority for 1.4 billion Indians currently facing a cooking gas shortage.
• Predictive data suggests that full-month oil flows for May may average approximately 1.9 million barrels per day.