Brent crude prices have stabilized between $67-$69 per barrel, largely due to India’s significant purchases of Russian oil, which have helped mitigate price volatility. As one of the largest crude importers, India prioritizes affordable energy for its citizens, with current imports at approximately 1.5 million barrels per day. The ongoing collaboration between India and Russia, along with similar trends in China, is expected to maintain oil prices within a manageable range, crucial for India’s economic stability. US Energy Secretary Chris Wright commended India as a key ally and emphasized the potential for deeper energy cooperation, highlighting the importance of energy security amid geopolitical shifts and rising domestic demands. This strategic positioning underscores India’s commitment to balancing economic needs with global energy dynamics.