Saudi Arabia shipments may hit over 1.1 million barrels a day, the highest since Nov 2019, nearing Russia levels as India closes the supply gap, Kpler says.
The global energy market has diversified and the loss of 5.7 million barrels of oil in an $84.8 trillion global economy is less likely to qualify as major crisis.
New Delhi remains optimistic on growth this year and next. A recent US trade deal may lift estimates, but uncertainty looms after the US Supreme Court struck down Trump’s tariffs.
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