Oil gains over 1% on strong U S , China economic data metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.
Goldman Sachs said a potential recovery in Iran exports won't come as an "exogenous" shock to the oil market and full recovery won't occur until summer 2022, as U.S. and Iranian officials were due to begin indirect talks in Vienna on Tuesday on the Iran nuclear deal.
4 Min Read
NEW DELHI (Reuters) - Indian state refiners will buy 36% less oil from Saudi Arabia in May than normal, three sources said, in a sign of escalating tensions with Riyadh even after the Kingdom supported the idea of boosting output from OPEC and allied producers last week.
FILE PHOTO: A worker rides a bicycle at the Bharat Petroleum Corporation refinery in Mumbai, April 24, 2008. REUTERS/Punit Paranjpe/File Photo
Energy relations between India, the world’s third biggest oil importer and consumer, and Saudi Arabia have soured as global oil prices spiked.
New Delhi blames cuts by the Saudis and other oil producers for driving up crude prices as its economy tries to recover from the pandemic.
ARC Resources Closes Strategic Montney Combination with Seven Generations jwnenergy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jwnenergy.com Daily Mail and Mail on Sunday newspapers.
Publishing date: Apr 06, 2021 • 1 hour ago • 2 minute read •
Article content
NEW DELHI/LONDON Indian state refiners will buy 36% less oil from Saudi Arabia in May than normal, three sources said, in a sign of escalating tensions with Riyadh even after the Kingdom supported the idea of boosting output from OPEC and allied producers last week.
Energy relations between India, the world’s third-biggest oil importer and consumer, and Saudi Arabia have soured as global oil prices spiked.
We apologize, but this video has failed to load.
Try refreshing your browser, or Indian refiners deepen cuts to Saudi oil purchases in May -sources Back to video