Indian refineries slash Middle East oil imports as storage fills up ...United Arab Emirates

Russia Today - Economy
Indian refineries slash Middle East oil imports as storage fills up
source : Russia Today ( United Arab Emirates ) () 89
Due to plummeting fuel demand and overflowing storage capacity, at least three oil refiners in India have asked for lower crude oil imports for May from the Middle East, including from the world’s top exporter Saudi Arabia. Two oil refiners will be cutting their crude oil imports from Saudi Arabia by between 66 percent and 80 percent for May, as India – population 1.3 billion people – went into a nationwide lockdown at the end of March. The lockdown has since been extended to May 3.   Due to the lockdown and to India’s struggles to contain the spread of the coronavirus, fuel demand in the world’s third-largest oil importer is plummetin

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