OPEC's share of Indian oil imports falls to lowest in at least 15 yrs
The Hindu
India's crude imports rebounded 3.9% to 4.2 million barrels per day (bpd) in 2021, the data showed, but remained below pre-pandemic levels in 2019
OPEC's share of Indian oilimports fell in 2021 to the lowest in more than a decade despite a 4% rebound in annual crude purchases by the world's third biggest oil importer, data obtained from industry sources showed.
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% in 2021, from a peak of 87% in 2008, a Reuters analysis of the data from 2007 to 2021 showed.
India's crude imports rebounded 3.9% to 4.2 million barrels per day (bpd) in 2021, the data showed, but remained below pre-pandemic levels in 2019.
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