India eyes better oil deals as Russian imports slow, minister says
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India's Oil Minister Hardeep Singh Puri stated that the country can negotiate better oil and gas supply deals due to its growing energy demand, as refiners seek alternatives to Russian oil. Following a decline in Russian imports, India is increasing purchases from Middle Eastern, African, and South American countries. Data shows Russian oil imports fell to a two-year low in December, while OPEC's share of imports rose. Puri noted that India's rising demand positions it favorably in negotiations, with refiners like Bharat Petroleum and Indian Oil Corp expanding contracts with suppliers like Brazil's Petrobras.
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