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Thursday, April 25, 2024

Russia’s cheap crude sends OPEC’s market share in India to a record low

The Organization of the Petroleum Exporting Countries has seen its market share in India shrink to a record low amid a flood of cheap Russian oil imports. The cartel’s share dropped to 46% in April, down from 72% a year earlier, according to Vortexa data cited by the Economic Times. Russia is …

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