India’s imports of US crude top Saudi Arabian volumes for first time in february

摘要

Singapore—A dramatic surge in US crude inflows to India pushed the North American exporter past Saudi Arabia in monthly import volumes for the first time in February, as refiners took lighter feedstock in anticipation of robust demand for gasoline and other oil products, and stayed away from Middle Eastern supplies following OPEC-led output cuts. In February, crude flows from the US totaled 2.11 million mt, about 32% higher than the 1.61 million mt from Saudi Arabia, putting the US as the No. 2 importer from the month, trailing only top importer Iraq, who shipped 2.89 million mt of crude.