{"id":405193,"date":"2021-03-16T11:25:48","date_gmt":"2021-03-16T05:55:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=405193"},"modified":"2021-03-16T12:34:26","modified_gmt":"2021-03-16T07:04:26","slug":"us-becomes-indias-second-biggest-oil-supplier-saudi-plunges-to-number-4","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/us-becomes-indias-second-biggest-oil-supplier-saudi-plunges-to-number-4\/","title":{"rendered":"US becomes India&#8217;s second biggest oil supplier, Saudi plunges to number 4"},"content":{"rendered":"<p>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>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 record 545,300 bpd [&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":[141,130,183],"tags":[],"class_list":["post-405193","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405193","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=405193"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405193\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=405193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=405193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=405193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}