Exclusive: Indian refiners deepen cuts to Saudi oil purchases in May - sources Reuters 1 hour ago By Nidhi Verma © Reuters/Punit Paranjpe FILE PHOTO: A worker rides a bicycle at the Bharat Petroleum Corporation refinery in Mumbai
By Nidhi Verma
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. © Reuters/Adnan Abidi FILE PHOTO: India s Oil Minister Pradhan speaks on phone during an interview with Reuters in New Delhi
Power play - India wields oil weapon to cut dependence on Saudi
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Power play - India wields oil weapon to cut dependence on Saudi
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