India Russian oil imports

India Defends Russian Oil Purchases Amid Tariff Threats and Global Scrutiny

India Defends Russian Oil Purchases Amid Tariff Threats and Global Scrutiny

New Delhi, Aug 2, 2025: India has reaffirmed its commitment to sourcing crude oil from Russia despite growing international scrutiny and recent comments from U.S. President Donald Trump suggesting a potential halt. Speaking to ANI, government sources emphasized that Indian oil refiners make procurement decisions based on pragmatic considerations such as pricing, crude grade, inventory levels, and logistical viability.Russia, the world’s second-largest crude oil producer and exporter, continues to play a key role in the global energy landscape, with an output of 9.5 million barrels per day (mb/d) and exports amounting to nearly 7 mb/d. Indian officials underscored that fears…
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India’s Russian Oil Imports Shielded Global Markets from Chaos, Says Hardeep Puri

India’s Russian Oil Imports Shielded Global Markets from Chaos, Says Hardeep Puri

New Delhi, July 10 — India’s continued imports of Russian crude oil played a crucial role in stabilizing global energy markets and averting a dramatic surge in oil prices, Petroleum and Natural Gas Minister Hardeep Puri asserted on Wednesday, dismissing criticism over India’s energy policies amid the Russia-Ukraine conflict.Speaking during his visit to Vienna, Puri explained that Russia’s daily crude output of over nine million barrels is vital to global supply. Removing such volumes from the market would have forced an impossible 10 per cent cut in worldwide oil consumption, sending prices soaring above USD 120-130 per barrel.“Imagine the chaos…
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