‘Oil would have hit $130…’: India says its imports from Russia helped global markets

Hardeep Puri, India's Petroleum Minister, asserts that India's continued Russian oil imports have stabilized global energy prices. Discontinuing this trade would have caused prices to surge past $120 per barrel. Despite Western restrictions, India increased Russian oil procurement, preventing a significant global supply disruption, he has said.

from Times of India https://ift.tt/67aotpZ