{"id":571625,"date":"2023-04-25T09:22:30","date_gmt":"2023-04-25T03:52:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=571625"},"modified":"2023-04-25T09:47:45","modified_gmt":"2023-04-25T04:17:45","slug":"russian-oil-cuts-opecs-share-of-indian-market-to-22-year-low-at-59","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/russian-oil-cuts-opecs-share-of-indian-market-to-22-year-low-at-59\/","title":{"rendered":"Russian oil cuts Opec&#8217;s share of Indian market to 22-year low at 59%"},"content":{"rendered":"<p>NEW DELHI (Reuters) &#8211; OPEC&#8217;s share of India&#8217;s oil imports fell at the fastest pace in 2022\/23 to the lowest in at least 22 years, as intake of cheaper Russian oil surged, data obtained from industry sources show, and the major producers&#8217; share could shrink further this year.<\/p>\n<p>Members of the Organization of the Petroleum Exporting Countries (OPEC), mainly from the Middle East and Africa, saw their share of India&#8217;s oil market slide to 59% in the fiscal year to March 2023, from about 72% in 2021\/22, a Reuters analysis of the data that dates back to 2001\/02 showed.<\/p>\n<p>Russia overtook Iraq for the first time to emerge as the top oil supplier to India, pushing Saudi Arabia down to No. 3 in the last fiscal year, the data showed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI (Reuters) &#8211; OPEC&#8217;s share of India&#8217;s oil imports fell at the fastest pace in 2022\/23 to the lowest in at least 22 years, as intake of cheaper Russian oil surged, data obtained from industry sources show, and the major producers&#8217; share could shrink further this year. Members of the Organization of the Petroleum Exporting Countries (OPEC), mainly from the Middle East and Africa, saw their share of India&#8217;s oil market slide to 59% in the fiscal year to March 2023, from about 72% in 2021\/22, a Reuters analysis of the data that dates back to 2001\/02 showed. Russia [&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-571625","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\/571625","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=571625"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/571625\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=571625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=571625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=571625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}