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India looks to diversify crude sources as high prices pull down imports

November 10, 2023 Comments Off

India is exploring options to diversify its oil purchases, including the possibility of picking up cargoes from Venezuela, as high global prices have pulled down the country’s crude imports to the lowest level in four months, government officials and analysts said. “It is always good when more supplies come to market,” said petroleum minister Hardeep Singh Puri. “We will buy…