Tag: crude

India’s crude oil imports fell by 5 per cent M-o-M to 4.35 million barrels per day (mb/d) during August, which is the lowest in volume terms so far in the current financial year. The decline in imports was largely led by contracting cargoes from Russia, which is at its lowest levels since January 2023, according to data from the energy intelligence firm Vortexa. The decline during August was due to narrowing discounts on the Urals grade and smaller appetite from Indian refiners due to planned autumn...