Russia Becomes Second-Biggest Crude Oil Supplier To India, Surpasses Saudi Arabia - News18

India's crude import bill increased to $47.5 billion in the second quarter after a surge in global prices coincided with rebounding fuel demand

In order to increase the market share amid competition, Russia is now offering oil to India cheaper than Saudi Arabia. During April-June, Russian crude was cheaper than Saudi Arabia with the discount… [+2649 chars]

full article...