U.S. Energy Secretary Rick Perry will visit India this month to further enhance a recently added component in bilateral ties — energy trade. Last year India bought $2 billion worth of American crude oil from the via India's state-owned Bharat Petroleum Corporation Limited, Indian Oil Corporation, and Hindustan Petroleum Corporation...
First American Crude Oil Shipped to India
The first shipment of two million barrels of American crude oil costing $100 million will reach India in the last week of September, opening a new chapter in trade between India and the U.S. This consignment is a fraction of India's $70 billion oil import bill for 2016-17. Given the...