Saudi defense pact with Pakistan unlikely to disrupt oil flows to India, source says
1. Saudi Arabia maintains strong energy ties with India, despite new defense pact with Pakistan. 2. India remains a key oil consumer, purchasing over 600,000 barrels daily from Saudi Arabia. 3. Speculation about abandoning dollar oil pricing is dismissed; Saudi exports still dollar-denominated. 4. Investors skeptical about long-term impact of geopolitical tensions on oil prices. 5. WTI futures expected to stabilize around $65 per barrel in the coming months.