Weak Fuel Demand Sends India’s Oil Imports To 9-Month Low ...Middle East

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Weak Fuel Demand Sends India’s Oil Imports To 9-Month Low
source : OILPRICE ( Middle East ) () 20
Indian refiners imported in June 2021 the lowest volume of crude oil in nine months, as purchases slowed down in April and May when India imposed regional mobility restrictions to curb a resurgence in COVID cases, Reuters reported on Friday, quoting tanker data from trade sources. India is estimated to have imported around 3.9 million barrels per day (bpd) of crude oil in June, which was down by 7 percent compared to the imports in May. The June 2021 imports were still higher than in the same month of 2020, when India—and most of the world—was…

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