Brent Crude Holds Steady; India`s Russian Oil Buys Keep Prices in Check: Emkay Wealth Management
Emkay Wealth Management Ltd, the wealth management arm of Emkay Global Financial Services in its latest press navigator report cited that Brent crude prices have remained steady, trading between US$ 67 and US$ 69 per barrel, with no fresh global triggers driving volatility. The next big move will hinge on how U.S. sanctions and tariff policies unfold in the coming months.
India, among the biggest importers of crude oil, has reiterated that its top priority is ensuring affordable energy for its citizens. The country’s imports currently stand at around 1.50 million barrels per day — a level expected to hold steady — with Russian supplies playing a critical role in keeping costs down.
China, too, is ramping up Russian oil purchases to meet domestic demand. With both India and China sourcing heavily from Russia, oil prices are expected to remain range-bound, a trend that comes as a relief to importing nations.
Lower energy costs are particularly significant for India, where they help cushion inflation and stabilize the broader economy. As energy security moves back into the global spotlight, India’s strategy of securing affordable crude supplies underscores the delicate balance between geopolitical shifts and domestic economic priorities.
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