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India, China Look To Form ‘Oil Buyers Club’


By Tsvetana Paraskova,oilprice – Jun 14, 2018, 5:00 PM CDT

India and China have discussed creating an ‘oil buyers’ club’ to be able to negotiate better prices with oil exporting countries and will be looking to import more U.S. crude oil in order to reduce OPEC’s sway, both over the global oil market and over prices, India’s Petroleum Ministry said on Wednesday.

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