India’s appetite for oil can a bargaining chip in a gloomy market: Official

Indian refiners are using their substantial consumption to negotiate better terms for next year's contracts with suppliers, particularly Russia. With India's oil demand growing despite global forecasts being lowered, they aim to secure discounts and favorable conditions in a subdued market. Talks among Indian refiners and Russian suppliers are ongoing.

from Times of India https://ift.tt/gRh1L6f