India’s Oil Imports From OPEC Slump To 20-Year Low ...Middle East

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India’s Oil Imports From OPEC Slump To 20-Year Low
source : OILPRICE ( Middle East ) () 18
The share of India’s oil imports from OPEC dropped to their lowest in at least 20 years in the fiscal year ended March 2021 as the world’s third-largest oil importer saw total imports drop and sought to diversify its oil suppliers, according to industry and trade obtained by Reuters. In the 2020/2021 fiscal year, India’s overall oil imports fell by nearly 12 percent compared to the previous fiscal year and averaged around 3.97 million barrels per day (bpd), according to the trade and industry data cited by Reuters. Of all those…

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