{"id":405039,"date":"2021-03-16T09:20:56","date_gmt":"2021-03-16T03:50:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=405039"},"modified":"2021-03-16T10:04:36","modified_gmt":"2021-03-16T04:34:36","slug":"us-becomes-indias-second-biggest-oil-supplier-saudi-plunges-to-4th-place","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/us-becomes-indias-second-biggest-oil-supplier-saudi-plunges-to-4th-place\/","title":{"rendered":"US becomes India&#8217;s second biggest oil supplier, Saudi plunges to 4th place"},"content":{"rendered":"<p>The United States overtook Saudi Arabia as India&#8217;s second-biggest oil supplier last month, as refiners boosted cheaper US crude purchases to record levels to offset OPEC+ supply cuts, data from trade sources showed. <\/p>\n<p>The switch in supplies, triggered by lower US crude demand, coincided with Saudi Arabia&#8217;s voluntary extra 1 million bpd output cut on top of an agreement by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to maintain lower production.<\/p>\n<p>India&#8217;s imports from the United States \u2014 the world&#8217;s top producer \u2014 rose 48% to a record 545,300 barrels per day (bpd) in February from the prior month, accounting for 14% of India&#8217;s overall imports last month, the data obtained by Reuters showed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United States overtook Saudi Arabia as India&#8217;s second-biggest oil supplier last month, as refiners boosted cheaper US crude purchases to record levels to offset OPEC+ supply cuts, data from trade sources showed. The switch in supplies, triggered by lower US crude demand, coincided with Saudi Arabia&#8217;s voluntary extra 1 million bpd output cut on top of an agreement by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to maintain lower production. India&#8217;s imports from the United States \u2014 the world&#8217;s top producer \u2014 rose 48% to a record 545,300 barrels per day (bpd) in February from [&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":[146,130,177],"tags":[],"class_list":["post-405039","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405039","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=405039"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405039\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=405039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=405039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=405039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}