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Formation of ‘oil buyers club’ on the table
June 14, 2018

Formation of ‘oil buyers club’ on the table

While OPEC has been regulating oil prices to its own wish, oil importers like India and China are now into a discussion to form an ‘oil buyers’ guild, which could put in better negotiation in terms of prices. Getting more US crude into Asia to cut dominance of the oil block is also on the table. Sources say that India and China agreed to join hands against cartelization of oil producers.

   Read More About : China India Crude Supply Oil Buyers Group
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