Latest Breaking News On - முக்கிய ப்ரொட்யூஸர்ஸ் - Page 6 : comparemela.com

Analysis – Power play: India wields oil ‘weapon’ to cut dependence on Saudi When India’s government last month asked refiners to speed up diversification and reduce dependence on the Middle East – days after OPEC+ said it would maintain production cuts – it sent a message about its clout and foreshadowed changes to the world’s energy maps. It was a move that had been in the works for years, fuelled by repeated comments from Indian Oil Minister Dharmendra Pradhan, who in 2015 called oil purchases a “weapon” for his country. When the Organisation of Oil Exporting Countries and Major Producers (OPEC+) extended the production cuts into April, India unsheathed that weapon. Indian refiners plan to cut imports from the Kingdom by about a quarter in May, sources told Reuters, dropping them to 10.8 million barrels from monthly average of 14.7-14.8 million barrels.

United statesSaudi arabiaSultan ahmed al jaberFlorence tanAmitendu palitTarun kapoorGerry doyleJennifer granholmNidhi vermaDharmendra pradhanOrganisation of oil exporting countriesIndian oilHpcl mittal energy ltdSaudi aramcoInternational energy agencyPetrochemicals ltd