India 'diversifying' oil options, says US ambassador Sergio Gor on Russian purchases; negotiations on for Venezuelan oil

US Ambassador to India, Sergio Gor, highlighted India's efforts to diversify its oil sources amid ongoing discussions regarding Russian and Venezuelan oil imports. During a recent address, Gor noted that India's increasing engagement with alternative suppliers is a strategic move to enhance energy security and reduce dependency on any single nation. He emphasized that these developments align with the broader objectives of the US-India partnership, particularly in the context of energy trade. Additionally, Gor announced that negotiations for a significant trade deal between the two nations are progressing well, with an official agreement anticipated in the near future. This diversification strategy comes at a time when geopolitical tensions have influenced global oil markets, making it imperative for India to secure stable energy supplies. The US administration continues to support India’s endeavors while promoting a collaborative approach to energy and trade relations, reflecting the growing strategic alliance between the two nations.