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What US Shale Oil Imports Mean for India

India has imported its first shipment of shale oil from the United States, the fastest-growing oil producer in recent years. This is a significant step for India as it will now be less dependent on oil from West Asia, opening access to more risk-free oil and better prices. Yet concerns remain. India is consuming oil at a fast rate, while domestic production is falling. It will continue to be dependent on oil imports for its energy security, and will have to further diversify its sources of oil imports.
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