The world’s third-largest crude oil importer, India, has been sourcing more and more oil in spot deals with exporters outside of the Middle East after the biggest OPEC producers have tightened global crude supply as part of the OPEC+ pact.   OPEC still accounts for most of the oil shipped to India, which depends on imports for around 80 percent of its petroleum consumption. However, in recent months, Indian refiners have boosted imports from exporters such as the United States and West African OPEC producer Nigeria as OPEC’s Middle…
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