Isn’t that a good thing in a way. keeps oil prices low for the rest of us.
Cheap Russian Oil Reduces OPEC’s Share in India’s Imports to Record-Low 50%. In 2023, India, the world’s third-largest oil importer and consumer, witnessed a historic shift in its crude oil import dynamics. Data from trade and industry sources reveals that the annual share of oil from the Organization of Petroleum Exporting Countries (OPEC) in India’s …