India defiant over Russian crude
Oil minister pushes back against criticism of his country’s approach to Russia
“We will buy [oil] from Russia; we will buy from wherever,” Hardeep Singh Puri, Indian minister of petroleum and natural gas, declared during a televised interview at the Gastech conference in Milan. The minister emphasised his “moral duty to my consumer” and stated his country has no conflict with Russia. Refusing to be drawn on the morality of continuing to purchase Russian crude, Puri stated that “it is a question of energy” and that he has a “democratic duty... what we have to do domestically, is insulate our own population" against inflationary pressures and the "interlinked crises of fuel, food and fertiliser” availability. India will therefore consider the G7 proposals to cap Russian

Also in this section
8 August 2025
The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
6 August 2025
Diesel market disruptions have propelled crude prices above $100/bl twice in this century, and now oil teeters on the brink of another crude quality crisis