{"id":405178,"date":"2021-03-16T11:47:29","date_gmt":"2021-03-16T06:17:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=405178"},"modified":"2021-03-16T12:01:12","modified_gmt":"2021-03-16T06:31:12","slug":"indias-second-biggest-oil-supplier-is-us-who-is-no-1-supplier","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-second-biggest-oil-supplier-is-us-who-is-no-1-supplier\/","title":{"rendered":"India&#8217;s second biggest oil supplier is US. Who is No 1 supplier?"},"content":{"rendered":"<p>NEW DELHI : The United States overtook Saudi Arabia as India&#8217;s second biggest oil supplier after Iraq 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 barrel per day (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 &#8211; the world&#8217;s top producer &#8211; rose 48% to a record 545,300 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>NEW DELHI : The United States overtook Saudi Arabia as India&#8217;s second biggest oil supplier after Iraq 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 barrel per day (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 &#8211; the world&#8217;s top producer &#8211; rose 48% to a [&hellip;]<\/p>\n","protected":false},"author":44,"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-405178","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\/405178","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=405178"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405178\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=405178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=405178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=405178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}