India continues its efforts to shake off its oil dependence on OPEC’s decisions by asking its state refiners to review what it sees as contracts “loaded against the buyer” with Saudi Arabia, a top Indian official told Indian media on Friday. India, which relies on imports for more than 80 percent of its consumption and whose imports from the Middle East account for around 60 percent of all foreign shipments, has been displeased with the OPEC+ oil supply management since the beginning of the year, unhappy that high oil prices are lifting its import bill and domestic inflation. Last month, India expressed its frustration with the OPEC+ decision to keep the group’s production nearly flat in April compared to March, calling out OPEC+ for its “artificial cuts to keep the price going up.” Although OPEC+ decided on Thursday to gradually increase collective production by over 1 million bpd over […]