 "crude oil")
The likely decline in the US crude production later this year due to various factors, including slowing down of global oil demand, might impact the plans of Indian oil marketing companies to import more from the country, a senior official said.
The S&P Global Commodity Insights in its latest Global Crude Oil Markets Short-term Outlook forecasted that despite the US administration's push to raise domestic crude production, slowing global oil demand amid uncertainty about the future of the US trade and a looming supply surplus are expected to impact the country’s oil production growth later this year.
The changing
