India, the world’s third-largest oil importer, is diversifying its crude sources and intensifying its energy transition due to supply cuts by OPEC+, expensive shipments from traditional Middle East suppliers, and geopolitical tensions. Oil Minister Hardeep Singh Puri stated that OPEC+ nations have the right to decide on energy production, but supply cuts during uncertainty impact long-term demand. The country aims to accelerate its transition to green energy, especially amid vulnerabilities in the market. India is buying oil from 37 countries, up from 29, as it diversifies its sources. The nation is cautious about disruptions in the Red Sea but is optimistic about resolution.
Will keep diversifying crude oil supply, accelerate energy transition: Puri
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/01/17180805/1653557746-4076.jpg)