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2018-05-18 09:00:00

INDIA'S OIL IMPORTS UP 2.5%

INDIA'S OIL IMPORTS UP 2.5%

REUTERSIndia's oil imports from Iran surged to 640,000 barrels per day (bpd) in April, its highest level since October 2016, according to data from shipping and industry sources, as refiners raised purchases ahead of looming U.S. sanctions against Tehran.

Overall, India imported 4.51 million bpd in April, 2.5 percent higher than a year ago, the data showed.

India's Iranian imports rose by 49 percent from March and were 20 percent higher…

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Tags: INDIA, IRAN, OIL, IMPORTS
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