PUBLISHED ON MAR 03, 2021 12:06 PM IST
- Prior to the pandemic-induced downturn, OPEC countries led by Saudi Arabia restrained their production. Shale drillers took advantage, boosting US output to a record 13 million barrels a day.
Hindustan Times, New Delhi | By Rajeev Jayaswal and Rezaul H Laskar
UPDATED ON MAY 04, 2019 09:13 AM IST
The officials, who didn’t want to be named, said that once the US sanctions on Iranian oil kicked in, India’s future purchases from alternative energy suppliers will be finalised keeping in mind the country’s energy and commercial security.