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West Asia tensions: US asks India to absorb offshore Russian oil to ease market fears

"The world is very well supplied with oil right now," Energy Secretary Chris Wright said

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The United States of America urged India to draw down more than 100 million barrels of Russian crude waiting offshore for Chinese refineries in an effort to cool rising oil prices during the Iran conflict, Energy Secretary Chris Wright said on Sunday.

Speaking in interviews on US television programmes, including CNN and CBS News, Wright said the Trump administration directly reached out to India as part of a short-term effort to calm energy markets rattled by disruptions in the Middle East.

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