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OPEC's share of Indian oil imports falls to lowest in more than a decade

Members of the Organization of the Petroleum Exporting Countries (OPEC), mainly from the Middle East and Africa, saw their share of the pie in India shrinking to 70 per cent in 2021, from a peak of 87 per cent in 2008. ....

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Oil marketing firms: Gross refining margin, demand remain under pressure

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OPEC's share of Indian oil imports plunges to lowest in two decades

OPEC s share of Indian oil imports plunges to lowest in two decades
Total crude imports by the world s third-biggest oil importer fell to 3.97 million barrels per day (bpd) in the 2021 fiscal year to March 31, down 11.8% from a year earlier
Reuters | May 3, 2021 | Updated 15:38 IST
OPEC s share of India s oil imports fell to the lowest in at least two decades in the year to the end of March as overall purchases by Asia s third largest economy fell to a six-year low, data obtained from industry and trade sources showed. Total crude imports by the world s third-biggest oil importer fell to 3.97 million barrels per day (bpd) in the 2021 fiscal year to March 31, down 11.8% from a year earlier, the data showed. ....

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IOC to buy Guyanese crude as India doubles up on cutting Opec dependence

Read more about IOC to buy Guyanese crude as India doubles up on cutting Opec dependence on Business Standard. According to oil ministry officials, this deal is at competitive rates and is in line with the strategy to have multiple sources of crude oil for Indian refiners ....

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