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OPEC+ giants ramp up additional oil to India; market share nears 78%; supplied 375,000 bpd to India in May
India's top oil suppliers, including Saudi Arabia, Russia, Iraq, and the UAE, have boosted production, directing most of the additional output to India, raising their collective market share to 78%. This surge, exceeding OPEC+'s planned increase, has led to competitive pricing, particularly from Saudi Arabia, impacting global crude prices and intensifying competition for India's growing market.
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