{"id":408695,"date":"2021-04-03T08:54:54","date_gmt":"2021-04-03T03:24:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=408695"},"modified":"2021-04-03T09:42:20","modified_gmt":"2021-04-03T04:12:20","slug":"power-play-india-wields-oil-weapon-to-cut-dependence-on-saudi-arabia","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/power-play-india-wields-oil-weapon-to-cut-dependence-on-saudi-arabia\/","title":{"rendered":"Power play: India wields oil &#8216;weapon&#8217; to cut dependence on Saudi Arabia"},"content":{"rendered":"<p>When India&#8217;s government last month asked refiners to speed up diversification and reduce dependence on the Middle East &#8211; days after OPEC+ said it would maintain production cuts &#8211; it sent a message about its clout and foreshadowed changes to the world&#8217;s energy maps.<\/p>\n<p>It was a move that had been in the works for years, fuelled by repeated comments from Oil Minister Dharmendra Pradhan, who in 2015 called oil purchases a &#8220;weapon&#8221; for his country. <\/p>\n<p>When the Organisation of Oil Exporting Countries and Major Producers (OPEC+) extended the production cuts into April, India unsheathed that weapon. Indian refiners plan to cut imports from the Kingdom by about a quarter in May, sources told Reuters, dropping them to 10.8 million barrels from monthly average of 14.7-14.8 million barrels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When India&#8217;s government last month asked refiners to speed up diversification and reduce dependence on the Middle East &#8211; days after OPEC+ said it would maintain production cuts &#8211; it sent a message about its clout and foreshadowed changes to the world&#8217;s energy maps. It was a move that had been in the works for years, fuelled by repeated comments from Oil Minister Dharmendra Pradhan, who in 2015 called oil purchases a &#8220;weapon&#8221; for his country. When the Organisation of Oil Exporting Countries and Major Producers (OPEC+) extended the production cuts into April, India unsheathed that weapon. Indian refiners plan [&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-408695","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\/408695","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=408695"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/408695\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=408695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=408695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=408695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}