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Russian Crude May Fall: India's Petroleum Minister
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Why This Matters
India's Oil Minister believes Canada can become a major energy supplier, and India's imports of Russian crude may decline as it diversifies its supplier base.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
India’s Oil Minister of Petroleum and Natural Gas Hardeep Singh Puri says he believes Canada has the potential to become one of India’s major energy suppliers. The minister also notes that India’s imports of Russian crude could continue to decline as the world’s third largest oil consumer broadens its supplier base. He speaks to Bloomberg's Menaka Doshi on the sidelines of India Energy Week in Goa. (Source: Bloomberg)
Original article published by
Bloomberg
on January 28, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.