OPEC+ giants ramp up additional oil to India; market share nears...

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OPEC+ giants ramp up additional oil to India; market share nears 78%; supplied 375,000 bpd to India in May

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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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