{"id":404046,"date":"2021-03-10T08:39:00","date_gmt":"2021-03-10T03:09:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404046"},"modified":"2021-03-10T09:38:10","modified_gmt":"2021-03-10T04:08:10","slug":"india-asks-refiners-to-diversify-cut-reliance-on-middle-east-oil","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-asks-refiners-to-diversify-cut-reliance-on-middle-east-oil\/","title":{"rendered":"India asks refiners to diversify, cut reliance on Middle East oil"},"content":{"rendered":"<p>India has asked state refiners to speed up the diversification of oil imports to gradually cut their dependence on the Middle East after OPEC+ decided last week to largely continue production cuts in April, two sources said.<\/p>\n<p>India, the world&#8217;s third biggest oil importer and consumer, imports about 84% of its overall crude needs with over 60% of that coming from Middle Eastern countries, which are typically cheaper than those from the West. <\/p>\n<p>Most of the OPEC+ producers, led by world&#8217;s top exporter Saudi Arabia, last week decided to extend most output curbs into April. <\/p>\n<p>India, hit hard by the soaring oil prices, has urged producers to ease output cuts and help the global economic recovery.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India has asked state refiners to speed up the diversification of oil imports to gradually cut their dependence on the Middle East after OPEC+ decided last week to largely continue production cuts in April, two sources said. India, the world&#8217;s third biggest oil importer and consumer, imports about 84% of its overall crude needs with over 60% of that coming from Middle Eastern countries, which are typically cheaper than those from the West. Most of the OPEC+ producers, led by world&#8217;s top exporter Saudi Arabia, last week decided to extend most output curbs into April. India, hit hard by the [&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-404046","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\/404046","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=404046"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404046\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}