{"id":404042,"date":"2021-03-10T08:38:45","date_gmt":"2021-03-10T03:08:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404042"},"modified":"2021-03-10T09:38:04","modified_gmt":"2021-03-10T04:08:04","slug":"saudi-oil-hawkishness-speeds-indian-plan-to-seek-alternatives","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-oil-hawkishness-speeds-indian-plan-to-seek-alternatives\/","title":{"rendered":"Saudi oil hawkishness speeds Indian plan to seek alternatives"},"content":{"rendered":"<p>Saudi Arabia\u2019s 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\u2019s biggest refiners said.<\/p>\n<p>The world\u2019s 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. <\/p>\n<p>Indian Oil Minister Dharmendra Pradhan has repeatedly called for OPEC+ to pump more crude to stop prices from rising too high. However, his pleas fell on deaf ears in Riyadh when the alliance, which is dominated by Saudi Arabia and Russia, decided to hold output steady last week. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia\u2019s 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\u2019s biggest refiners said. The world\u2019s 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. Indian Oil Minister Dharmendra Pradhan has repeatedly called for OPEC+ to pump more crude to stop prices [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-404042","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=404042"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404042\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}