Energy Brief Today: What India’s Modi got out of his Washington visit

February 14, 2025 at 12:13 PM EST

By Timothy S. Snyder, Matador Economics

India’s Prime Minister Narendra Modi visited the U.S. over the last couple days and the news coverage was sparse at best. One would assume reciprocal tariffs stole the stage and the lack of any specific agreement on crude-oil imports to India led the way.

As the statement read, the two countries agreed to significant energy trade, making the U.S. “a leading supplier of oil and gas, hopefully the number one supplier.” This means talks will continue, and Modi went back to India with an agreement to continue talks, but without an agreement on specific amounts of oil and gas. There were discussions regarding nuclear energy as well.

The markets would have liked a specific agreement, but we may have gotten as much as we were going to get with a non-ally who has commitments to China and Russia too. Modi is back at the White House for trade talks today.

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Energy Brief Today: What India’s Modi got out of his Washington visit

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