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Saudi Oil Hawkishness Speeds India Plan to Seek Alternatives

Saudi Oil Hawkishness Speeds India Plan to Seek Alternatives Bloomberg 3/10/2021 © Bloomberg A Hindustan Petroleum Corp. gas station in New Delhi, India. (Bloomberg) Saudi Arabia’s push to restrain oil supply to buoy prices is spurring India to speed up plans to diversify its crude sources and pursue alternative energy, the chairman of one of the nation’s biggest refiners said. Popular Searches The world’s third-biggest oil importer was already trying to cut its dependence on Middle Eastern crude, with American oil rising from 0.5% of total purchases to 6% over the past five years, Mukesh Kumar Surana, chairman of state-owned Hindustan Petroleum Corp., said in a Bloomberg Television interview.

Saudi Arabia s oil hawkishness is forcing India to look for other sources

Higher oil prices are likely to add more impetus to India’s push for cleaner sources of energy as the country targets for 40% of its energy needs to come from green sources by 2030.

Crude oil: Saudi oil hawkishness speeds Indian plan to seek alternatives | India Business News

India Business News: Saudi Arabia’s push to restrain oil supply to buoy prices is spurring India to speed up plans to diversify its crude sources and pursue alternative en

Saudi oil hawkishness speeds Indian plan to seek alternatives

Saudi oil hawkishness speeds Indian plan to seek alternatives
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