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International relations

India leads regional charge to end OPEC's 'Asian premium'

New Delhi looks to form buyers’ alliance with China, Japan and South Korea

A storage tank at an Oil and Natural Gas Corp. facility on the outskirts of Ahmedabad, India. The country imports more than 80% of its oil.   © Reuters

NEW DELHI -- Contending with soaring crude prices, India is seeking to form an alliance of leading Asian oil importers to pressure OPEC into dropping the premium it charges countries in the region.

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