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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.

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