India’s Oil imports up four.6% in February: report

India’s Oil imports up four.6% in February: report

by admin- Friday, March 15th, 2019 07:59:28 PM

India’s oil imports rose four.6 % in February from a year in advance to approximately five million barrels according to day (bpd), consistent with tanker arrival facts from delivery and enterprise assets.

India’s February imports on the premise of tanker arrivals were at a record excessive despite the fact that some cargoes were discharged in March, tanker arrival records compiled by means of Reuters confirmed.

The share of Middle Eastern oil in India’s imports declined to about sixty three % in February compared with approximately 70 % in the identical month closing 12 months, even though Iraq endured to be the top oil dealer to India, accompanied via Saudi Arabia. The share of South American and African oil rose in February, the facts confirmed.

India’s oil imports from Iran fell via 60 % in February from the equal month a yr in advance to approximately 260,000 bpd. Iran become the eighth largest oil supplier to India in February in comparison with seventh in January and slipped from the 1/3 function it held a yr ago.

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