Abu Dhabi, Feb 19 (IANS/WAM) India's oil imports from Saudi Arabia and Iraq hit the highest in more than a decade in January 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. Competitive prices and shorter shipping distances were giving the Middle East members of the Organisation of the Petroleum Exporting Countries (OPEC) the upper hand in India, the world's third-largest crude oil importer.
02-19-2016, 07:27 PM
Saudi Arabia, Iraq sell more oil to India
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