Energy · 1 views
Price, Not Politics, Is Driving Most of India’s Oil Buying
India’s imports of spot crude cargoes from producers such as the United States and Venezuela are being driven by the prevailing cargo and oil prices, the top executive of India’s state-owned Oil and Natural Gas Corporation (ONGC) has said.
Story Brief
India’s imports of spot crude cargoes from producers such as the United States and Venezuela are being driven by the prevailing cargo and oil prices, the top executive of India’s state-owned Oil and Natural Gas Corporation (ONGC) has said. “Imports are decided by the price, except for term crudes. Now term crudes are gradually going down.
Read full article on OilpriceAI summaries can be wrong sometimes—always verify important details using the source article.
How AI & Automation are usedMore from Energy
Continue reading recent Energy coverage
- Food, Zoom, A Website, and Noodles From China to Italy: A Media Education Lab Curriculum ReviewContinue reading
- Europe’s Wind Power Buildout Jumps 30% in First HalfContinue reading
- CUTRIC Has Lost The Right To Be Treated As A Neutral Transit AuthorityContinue reading
- U.S. Oil Deal Pushes China and Russia Out of Venezuelan FieldsContinue reading
Support HappeningNow
Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.
Support HappeningNow