India’s Crude Imports Reach Three-Month High

India’s crude oil imports increased by 140K b/d m-o-m and 1.26M b/d y-o-y to 4.81M b/d in July, rising for the second consecutive month to the highest level since April, according to data from the Petroleum Planning and Analysis Cell (PPAC). Across the first seven-month of the year arrivals have averaged 4.71M b/d, which is an increase of 510K b/d compared to the same period in 2021.

Source: Hellenic Shipping News