India increases oil imports from Russia, US: Is New Delhi reducing dependence on West Asia?
Amid turbulence in West Asia, India is looking to reduce its dependence on oil from the region. Though crude prices dropped today amid the announced ceasefire between Israel and Iran, oil prices spiked after the conflict began. But where is New Delhi, which is the third largest consumer of crude oil in the world and one of the biggest importers, looking to fulfil its requirements?
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