India's Energy Minister Denies Overdependence on Russian Oil, Rejects US Attempt to Damage India-Russia Ties, and Discusses De-dollarization at BRICS Meeting

India's Minister of Petroleum and Natural Gas, Hardeep Singh Puri, stated that India is not overly dependent on any country for oil, including Russia, as it has diversified its sources. While Russia has become India's leading source of crude oil, accounting for about 40% of imports, India has also been buying more from countries in the Middle East. Puri emphasized that there is sufficient oil supply in the world, but the real concern is whether consumers will have the resources or money to pay for it. The International Energy Agency has forecasted record-high global oil demand.