• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 7 days America should go after China but it should be done in a wise way.
  • 4 hours Even Shell Agrees with Climate Change!
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 2 days World could get rid of Putin and Russia but nobody is bold enough
  • 3 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

Breaking News:

OPEC Lifts Production in February

Is This the Death of the American Penny?

Is This the Death of the American Penny?

Inflation has devalued the US…

Innovation Policy Blog

Innovation Policy Blog

The Innovation Policy Blog features pragmatic ideas from some of today's most distinguished thought leaders about innovation's crucial role in our economic, social and political…

More Info

U.S. Shakes Finger At India For Russian Oil Imports

The U.S. has warned India that it was not in its interest to continue importing crude oil from Russia, media reported, citing government officials and White House Press Secretary Jen Psaki.

According to a Reuters report that cited unnamed White House officials, during a video call on Monday, the U.S. president had expressed concerns about India's position in the world if it continued relying on Russian energy imports.

The same official noted that India had concerns about the increasingly closer ties between Moscow and its regional rival, Beijing.

Al Jazeera, meanwhile, cited White House Press Secretary Jen Psaki as saying President Biden had told Prime Minister Modi that the U.S. could help India diversify its energy suppliers.

"The president … conveyed that we are here to help them diversify their means of importing oil. The imports from the United States are already significant, much bigger than the imports that they get from Russia," Psaki said, adding, "The president conveyed very clearly that it is not in their interests to increase that."

However, per the Reuters report, the U.S. president had stopped short of actually asking India to stop buying Russian crude. The External Affairs Minister in New Delhi, meanwhile, brushed off any concern about India's Russian oil purchases, saying that "Probably our total purchases for the month would be less than what Europe does in an afternoon."

Indeed, an Economic Times report cited Press Secretary Psaki as saying that Russian oil accounts for about 1 to 2 percent of total Indian oil imports. U.S. imports, by comparison, constitute a tenth of the total.

An official White House readout of the call between President Biden and Prime Minister Modi did not mention oil imports at all, with the only reference to the war in Ukraine made with regard to global food security.


By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment
  • Mamdouh Salameh on April 12 2022 said:
    India, the world’s third largest economy with a GDP of $11.3 trillion based on purchasing power parity (PPP) and a nuclear power to boot will ignore the United States warnings about buying Russian crude oil. Moreover, India doesn’t recognize US and the EU’s sanctions against Russia. It only recognizes UN sanctions.

    Furthermore, India doesn’t need US help on how to diversity its energy suppliers. As the world's third largest importer of oil, India knows all the major oil suppliers in the world.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News