Why is India Competing With Saudi Arabia in Refined Crude Oil Product Exports

(Image: Indian Oil Corp Logo. Courtesy Wikipedia.)February 27, 2026In about a decade or so, as crude oil prices begin a sustained decline, India faces an economic hit even though it ought to benefit as an importer of the commodity. Will the Government of India abandon plans to become a major exporter of refined products, where the country has no economic advantage?Story updated February 28, 2026 This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.globalindiantimes.com