Categories
Geoeconomics

SOUTH ASIA

INDIA:

  • India has begun importing Iranian oil, under the assumption that trade with Iran will resume. Meanwhile, the United States overtook Saudi Arabia as India’s second biggest oil supplier, as refiners boosted cheaper U.S. crude purchases to record levels to offset OPEC+ supply cuts, data from trade sources showed. Iraq continued to be the top oil seller to India. India is the world’s third biggest oil importer and consumer.

SOURCES: SHAFAQ.COM OIL PRICE


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