Price, Not Politics, Is Driving Most of India’s Oil Buying
India’s imports of spot crude cargoes from producers such as the United States and Venezuela are being driven by the prevailing cargo and oil prices, the top executive of India’s state-owned Oil and Natural Gas Corporation (ONGC) has said. “Imports are decided by the price, except for term crudes.
<p>India’s imports of spot crude cargoes from producers such as the United States and Venezuela are being driven by the prevailing cargo and oil prices, the top executive of India’s state-owned Oil and Natural Gas Corporation (ONGC) has said. “Imports are decided by the price, except for term crudes.</p>