Inside India newsletter: U.S., Russia vie for a bigger slice of the world’s third-largest energy market
India is becoming a key battleground for energy dominance as the U.S. and Russia compete to supply the world's third-largest energy market. While the U.S. encourages India to pivot toward Venezuelan oil, India faces logistical challenges in replacing Russian crude due to refinery configurations.
Why it matters
The shifting energy sourcing of a major economy like India has significant geopolitical implications for global trade and the effectiveness of international sanctions.
Hello, this is Priyanka Salve, writing to you from Singapore.
Welcome to the latest edition of " Inside India " — your one-stop destination for stories and developments from the world's fastest-growing large economy.
India's growing energy requirements are becoming fertile grounds for a contest between the U.S. and Russia, as the two geopolitical rivals seek a bigger share of the world's third-largest energy market. This week I spoke to energy experts to understand how the Iran war, trade deals and tariffs are reshaping India's energy sourcing mix.
Any thoughts on today's newsletter? Share them with the team.
India is becoming a prime market for the U.S. and Russia, as the two adversaries seek to gain a larger wallet share of the world's third-largest energy consumer .
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