India to cut Saudi Arabian oil imports and buy more from US - Business News, Finance News, Share Market News - Market trendz

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Wednesday, 17 March 2021

India to cut Saudi Arabian oil imports and buy more from US

​Strong gasoline demand due to people favoring private vehicles amid the Covid-19 pandemic and a slower recovery in diesel is also giving low-sulfur American grades an edge over heavier and more sour Middle Eastern varieties, officials at three state-run refineries in the the world’s third-biggest oil importer said.

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