Surpassing Saudi Arabia, the US became India’s second-biggest oil supplier
Demand for cheaper US crude triggered this shift
Moreover, it coincided with Saudi Arabia’s voluntary extra 1 Mn bpd output cut
In February, India’s imports from the US rose 48% to a record 545,300 bpd
With this, Saudi Arabia, which was India’s second-largest supplier, fell to the fourth
America is the world’s largest oil supplier by volume
Iraq is currently India’s largest oil supplier
