India has decided to reduce its Russian oil imports, reportedly due to pressure from the United States. This decision comes as state-owned and private processors, including energy giant Reliance Industries, plan to cut daily purchases of Russian crude to between 1.4 and 1.6 million barrels from the current 1.8 million barrels.
The move follows diplomatic efforts by the U.S. to curb India’s reliance on Russian oil, which has been a significant component of India’s energy imports. The U.S. has been pushing for increased energy cooperation with India, aiming to bolster its own energy exports and reduce global reliance on Russian oil.
Reliance Industries, one of India’s largest energy companies, has joined the reduction plan, signaling a shift in India’s energy procurement strategy. This adjustment is expected to impact India’s energy market and could influence its broader diplomatic relations with the U.S. and other countries.
Analysts suggest that while the reduction may have economic implications for India’s energy sector, it also aligns with international efforts to address energy security and geopolitical concerns. The move underscores the growing influence of U.S.-India relations on global energy markets.