At present, the prospects for oil are looking better for consumers like India despite the escalating hostilities
Saudi Arabia's decline in India's oil market has coincided with Russia's rise, and ironically occurred amid growing diplomatic ties between Riyadh and New Delhi
The US supplied 5.4 million tonnes of crude oil during the first six months of 2019-20
India's demand for crude is assessed at 8.2 million bbl/d by 2040, while domestic production will remain relatively flat at around 1 million bbl/d
Saudi Arabia supplied 21.9 MT of crude oil in the first seven months of 2017-18, says Dharmendra Pradhan