The United States overtook Saudi Arabia as India’s second biggest oil supplier after Iraq last month
Yahoo Finance
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“U.S. demand was weak and refineries were running at low rates so the U.S. crude had to go somewhere, and Asia is the region which has seen rapid demand recovery,” said Refinitiv analyst Ehsan Ul Haq.
“China has not been taking U.S. oil because of (the) trade problem, so India is the obvious choice,” he said.
Who could have predicted this.