India currently imports around 1.5 million barrels per day, with Russian supplies reducing costs, according to Emkay Wealth Management. The report noted that future price movements will depend on US sanctions and tariff policies. China is also increasing its Russian oil imports to meet domestic demand.

With India and China sourcing heavily from Russia, oil prices are expected to stay range-bound, benefiting importing nations. Lower energy costs are vital for India to curb inflation and stabilise the economy. Analysts highlighted that India’s strategy balances geopolitical shifts and domestic priorities.

US Energy Secretary Chris Wright praised India as an “awesome ally” with growing energy demand. He emphasized stronger India-US energy cooperation, while Commerce Minister Piyush Goyal also called for expanding bilateral energy trade. Both leaders highlighted the mutual benefits of a robust partnership in energy.

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Tellis noted that the Indian government maintained open communication lines with Washington. Trade and energy issues were being addressed through respectful dialogue. He expressed hope that early results of these efforts would be seen in the coming weeks, reflecting India’s responsible diplomacy.

He also remarked that India’s offers on trade and energy should be considered a “win” for US President Donald Trump. Tellis advised that the administration should graciously accept these concessions, which he described as unprecedented efforts from India.

Recent negotiations include Commerce Minister Piyush Goyal meeting US Trade Representative Jamieson Greer in New York. Talks focused on resolving key trade points. US Energy Secretary Chris Wright praised India as an “awesome ally” and emphasized collaboration in energy, nuclear power, and renewable start-ups. Both nations aim to strengthen cooperation in trade and energy.

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