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
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation






