India Snapping Up Russian Oil for A Steal, OPEC Share Drops to All-Time Low

OPEC's share in India fell to an all-time low as cheap Russian crude flooded into the country.

OPEC's market share in India fell to 46% in April from 72% a year earlier, according to energy analytics firm Vortexa. OPEC supplied 2.1 million barrels a day of oil to India last month, compared with India's total imports of 4.6 million barrels a day, the data showed.

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