India Scours the Globe for More Oil Ahead of Trump-Putin Summit
India, the world's largest importer of seaborne Russian crude, is actively seeking alternative oil sources as it prepares for the upcoming summit between US President Donald Trump and Russian President Vladimir Putin. This move comes as the country aims to diversify its oil supply and reduce its reliance on Russian crude. Refiners in India are exploring options to secure oil from various global markets, including the Middle East, Africa, and the Americas. This strategic shift is driven by the potential impact of the Trump-Putin summit on global oil trade and geopolitics. India's efforts to find new oil suppliers are seen as a cautious approach to mitigate any potential disruptions or changes in the international oil market. The country's energy security and its ability to meet domestic demand are the primary drivers behind this proactive search for alternative oil sources.
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