India, China Shun Iranian, Venezuelan Oil

摘要

Major oil importers India and China have started making sharp cutbacks in crude purchases from Iran and Venezuela in the face of tightening US oil sanctions. India’s imports from Iran and Venezuela, its third- and fourth-largest crude suppliers, plunged in May, according to the latest data from India’s federal oil ministry, and a further drop in Iranian imports is expected in June (IOD Jan.25’19).