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India Seeks Stronger Energy Ties With US; Asserts Russian Oil Purchases Stabilize Market
In the midst of geopolitical turbulence sparked by the Ukraine war, India has underscored the importance of its energy partnership with the United States, citing its strategic purchases of Russian oil as a stabilizing force in global crude markets.
According to S&P Global Commodity Insights, Assistant Secretary of State for Energy Resources Geoffrey R. Pyatt revealed that discussions between US officials and India’s Petroleum Minister Hardeep Singh Puri highlighted India’s perspective on the matter during a recent online interaction with the media.
Pyatt emphasized that India’s significant procurement of Russian oil served the dual purpose of curbing global crude prices and ensuring affordable fuel for its citizens.
“On Russian oil, this was a big part of my conversation with Minister Puri. We both agreed – and I said the same thing at much greater length on my visit to India last year. India has played a key role in our effort to stabilize global energy markets in the face of the extraordinary destabilization caused by Vladimir Putin’s brutal invasion of Ukraine and the weaponization of his oil and gas resources,” Pyatt stated, echoing sentiments shared during his previous visit to India.
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