India's Crude Imports Contract in August

摘要

India's crude oil imports contracted in August, reUecting reOnery maintenance work and seasonal monsoon rains that hit demand for diesel fuel. Analysts say imports are likely to remain soft in September but will bounce back in the following months. Shipping analytics Orm Vortexa estimates that India — the world's third-largest oil consumer — imported 4.16 million barrels per day of crude oil in August.