India has discussed raising oil imports from Brazil in a meeting with the head of the South American nation's state-run oil giant Petrobras, India's oil minister said on Friday. "We discussed steps to further enhance crude oil purchases between Petrobras and Indian energy companies and opportunities to collaborate in India and Brazil,

India won’t buy liquefied natural gas from a project in Russia that is sanctioned by the US, Oil Minister Hardeep Puri said.

India is ready to continue purchasing relatively cheap oil from Russian companies authorised to do so, with the Asian nation ready to simply buy from the cheapest seller. During an interview with a US media organisation at Houston’s GasTech conference,

Indian refiners are jointly negotiating to purchase Russian oil for next year, a government source said on Thursday, with suppliers mostly using Russian insurance for crude priced above a $60 per barrel cap.