India slashes its intake of Russian crude for cheaper Saudi oil - Markets Insider

Indian purchases of Russian declined by about 7.3% in July while its imports of Saudi crude jumped by 25.6%, Reuters reported.

India slashed its purchases of Russian crude in July for the first time since March this year in the face of cheaper Saudi oil, Reuters reported.  Oil shipments to India averaged 877,400 barrels per… [+1354 chars]

full article...