India's state-owned refiners are ordering their regular volumes of Saudi crude oil for June after the Kingdom reduced its prices for the world's third-largest importer, Reuters has reported, citing unnamed sources familiar with the situation. Saudi Arabia cut its official selling price for Asian clients earlier this month by between $0.
10 and $0.30 in response to the surge in Covid-19 infections in India, which had a negative impact on its oil demand. Bloomberg noted this was the first price reduction of Saudi crude since December last year, reflecting…India Ramps Up Oil Imports From Saudi Arabia After Price Cut
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