{"id":629171,"date":"2024-01-19T10:27:31","date_gmt":"2024-01-19T04:57:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=629171"},"modified":"2024-01-19T10:42:21","modified_gmt":"2024-01-19T05:12:21","slug":"cheap-russian-oil-cuts-opecs-share-of-india-imports-to-record-low-50","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cheap-russian-oil-cuts-opecs-share-of-india-imports-to-record-low-50\/","title":{"rendered":"Cheap Russian oil cuts OPEC&#8217;s share of India imports to record-low 50%"},"content":{"rendered":"<p>The annual share of OPEC&#8217;s oil in India&#8217;s crude imports fell to its lowest level ever in 2023 while that of discounted Russian barrels surged to an all-time high, data obtained from trade and industry sources show.<\/p>\n<p>India, the world&#8217;s third-biggest oil importer and consumer, has long relied on the nearby middle eastern nations for meeting most of its oil needs to cut freight costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The annual share of OPEC&#8217;s oil in India&#8217;s crude imports fell to its lowest level ever in 2023 while that of discounted Russian barrels surged to an all-time high, data obtained from trade and industry sources show. India, the world&#8217;s third-biggest oil importer and consumer, has long relied on the nearby middle eastern nations for meeting most of its oil needs to cut freight costs.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-629171","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/629171","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=629171"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/629171\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=629171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=629171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=629171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}