US REPLACES SAUDI ARABIA AS INDIA’S SECOND BIGGEST OIL SUPPLIER

Highlights

• India’s oil imports from the US, which happens to be the world's number one producer, went up by 48 percent to a record 545,300 barrels per day (bpd) last month

• On the other hand, imports from Saudi Arabia for February slumped 42 percent from the month prior to a ten year-low of 445,200 bpd

According to data by trade sources, the United States has now replaced Saudi Arabia as Ind....