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2018-11-23 12:20:00

INDIA'S OIL IMPORTS UP TO 5 MBD

INDIA'S OIL IMPORTS UP TO 5 MBD

PLATTSIndia's crude imports surged to 5 million b/d in October to register the highest monthly inflows in more than seven years as refiners rushed to ship in cargoes amid doubts on whether New Delhi would win a waiver on Iran.

But with India figuring in the list of eight countries that have secured temporary waivers from Washington, analysts and market sources said that the urgency to bring in cargoes had subsided, meaning overall imports from November onwards could ease from October levels.

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Tags: INDIA, OIL, IMPORTS

Chronicle:

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