As crude prices near $100 a barrel, India mulls cutting back oil imports

To cope with the higher cost crude imports, India, the world’s third-biggest oil importer, is considering cutting its imports and relying on stockpiled crude, said two refinery sources with knowledge of the matter who asked to remain unidentified.

from Times of India https://timesofindia.indiatimes.com/business/india-business/as-crude-oil-forecasts-call-for-100-a-barrel-india-considers-cutting-back-crude-imports/articleshow/65944410.cms

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