India’s Oil Imports Hit Five-Year Low

摘要

India’s crude oil imports fell 10.6% to 3.95 million b/d in 2020, their lowest level in five years, as demand for refined products contracted because of the Covid-19 pandemic. Imports from key Opec suppliers Iraq, Saudi Arabia, Nigeria and Venezuela fell sharply, but volumes from the United Arab Emirates and the US showed increases, according to the latest data from the commerce ministry (see table).