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How Saudi Arabia's oil production cuts blindsided Asian consumers

Crude prices racing toward $60 a barrel unnerve Asia's consuming countries

| India
A petrol station in Kolkata, pictured in June 2020: Indian media whip up fears that pump prices would reach an unprecedented 100 rupees a liter.   © NurPhoto/Getty Images

Vandana Hari is founder of Singapore-based Vanda Insights, which tracks energy markets.

In a departure from New Delhi's usual behind-the-scenes diplomacy with its major crude suppliers, Indian Oil Minister Dharmendra Pradhan publicly remonstrated recently with the Organization of the Petroleum Exporting Countries for "creating confusion" for buying countries.

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