India’s Position in Global Oil Markets India, the world’s third-largest oil consumer, has continued to purchase Russian oil, a decision that has stirred both international and domestic debate. Union Petroleum and Natural Gas Minister Hardeep Singh Puri recently defended this approach in an interview with CNN, stating that India’s decision helped prevent a sharp increase in global oil prices. Speaking at the annual ADIPEC energy event in Abu Dhabi, Puri explained how India’s strategic energy procurement helped stabilize oil prices worldwide, benefitting both the global market and the Indian economy.…
India’s Strategic Move on Russian Oil: Benefiting Global Stability and National Energy Security
