India cuts Dubai-Oman weight in crude basket as oil sourcing shifts
New Delhi, July 7 -- India has flipped the composition of its official crude basket after disruptions to West Asian oil supplies during the Iran conflict reshaped its crude import mix, giving Brent-linked crude a higher weight than Dubai-Oman sour crude for the first time in the available PPAC data series since 2001.
The share of Dubai-Oman sour crude in the Indian crude basket has been cut to 20.60%, the lowest since comparable data became available in 2001, according to data from the Petroleum Planning and Analysis Cell (PPAC). Brent-linked sweet crude now accounts for 79.40% of the basket, up from 71.02% in June, 70% in May and 61.02% in April, according to PPAC data.
West Asia's share in India's crude imports fell to around 22% in J...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.