{"id":404199,"date":"2021-03-10T12:05:48","date_gmt":"2021-03-10T06:35:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404199"},"modified":"2021-03-10T12:50:49","modified_gmt":"2021-03-10T07:20:49","slug":"india-asks-refiners-to-diversify-cut-reliance-on-middle-east-oil-after-opec-decision","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-asks-refiners-to-diversify-cut-reliance-on-middle-east-oil-after-opec-decision\/","title":{"rendered":"India asks refiners to diversify, cut reliance on Middle East oil after OPEC+ decision"},"content":{"rendered":"<p>NEW DELHI : 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>NEW DELHI : 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 [&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":[139,130,187],"tags":[],"class_list":["post-404199","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404199","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=404199"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404199\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}