A big change is being seen in the global crude oil market. India, one of the world’s largest oil importers, appears to be shifting its buying strategy. According to reports, India can import 1–1.1 million barrels per day crude from Saudi Arabia this month, which will be the highest since 2019. After the Ukraine war, India had bought discounted Russian oil, but now imports from Russia may come down to 800,000–1 million barrels per day. According to energy analytics firm Kpler, this is a big strategic shift. Will Saudi Arabia again become India’s top supplier? Know what is changing in the global oil game.
India’s Crude Oil Strategy Shift? Saudi Arabia’s return, shock to Russia! | Money Live | India’s Crude Oil Strategy Shifts? Saudi Arabia Returns, Shocking Russia!
