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India’s Crude Oil Imports from OPEC

  Jun 18, 2022

India’s Crude Oil Imports from OPEC

Q Why is it in News ?

A OPEC’s share of India’s oil imports for the FY22 financial year remained almost steady year-on-year, arresting sharp declines over the past six years, as refiners prefer crude from West Asia to counter rising global prices. 

Q How much is India’s crude oil imports from OPEC ?

Q What is OPEC?

Q What is OPEC+?

Q Why OPEC plus came into existence?