shale oil as the South Asian nation hardly imports any crude from the United States. India is also a market where there is virtually no direct influence being exerted by U.S. Such a factor is India, which has long flown below the radar of the crude oil market, despite becoming the second-biggest importer in the fast-growing Asian market behind China, and the third-biggest in the world after the United States.
While there are solid reasons for industry participants to focus on these dynamics, there is also the risk of missing out on other factors that help shape the market. shale output, with a side helping of Chinese imports driving demand. LAUNCESTON, Australia, March 19 (Reuters) - The market narrative consuming crude oil markets currently is the interplay between supply cuts by OPEC and its allies and rising U.S. (The opinions expressed here are those of the author, a columnist for Reuters.)
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