Saudi, Iraq sell more oil to India, elbow out Latin America crudes
India`s oil imports from Saudi Arabia and Iraq hit the highest in more than a decade last month as OPEC`s top producers gained at the expense of Latin American crudes, a validation of the OPEC policy of maintaining output and fighting for market share.
Feb 20, 2016, 17:15 PM IST
OPEC expected to keep status quo on oil output
However on Thursday, New York`s West Texas Intermediate (WTI) crude and London`s Brent oil both fell sharply for a second day as traders fretted that a no-change OPEC decision would further fuel the burgeoning global supply glut.
Jun 05, 2015, 10:09 AM IST
