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India is hoping U.S. President Joe Biden’s administration will take a softer line against adversaries Iran and Venezuela, enabling the world’s third-largest oil importer to diversify its sources of crude. The country would be happy if the number of oil-producing nations rise, Oil Minister Dharmendra Pradhan said in an interview on Bloomberg TV, reiterating comments that he made last month. “Some geopolitical changes are there,” he said. “Let us wait for how things unfold.” By Debjit Chakraborty and Saket Sundria. Full Text -> Financial Post
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