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hemanthaa@mail.com

Saudi Arabia and India repair the strained relationship over oil supply cut by OPEC+; oil markets get a boost

hemanthaa@mail.com in Oil (General)

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hemanthaa@mail.com    + 64

hemanthaa@mail.com

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In a series of tweets - six exactly -  the Indian oil minister thanked the Gulf states in general and Saudi Arabia in particular for supplying India with much needed LMO, liquid medical oxygen and continue to supply it for the next six months.

With that reciprocity from India faster than crude oil markets anticipated; Indian refineries have restored their imports from the Kingdom to pre-crisis level. Speculations in the Middle East even hint about a possible price cut by the Kingdom for the whole Asia in order to ease the economic burden.

More on that is here:

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