India’s minister of petroleum and natural gas, Hardeep Singh Puri, said most of his country’s crude oil supplies in the near future will come from the Gulf countries, including Saudi Arabia and Iraq, as it seeks a secure and affordable energy base. Indian refiners have been snapping up relatively cheap Russian oil, shunned by Western companies and countries since sanctions were imposed against Moscow for what it calls a “special military operation” in Ukraine. India’s imports from Russian oil rose by 4.7 times, or more than 400,000 barrels per day, in April-May, but fell in July. Crude oil imports from Saudi Arabia by the world’s third biggest oil importer and consumer rose in July by more than 25% after Saudi Arabia […]