OPEC's share of Indian oil imports in October hits lowest since 2011 – Reuters
Reuters reports the latest tanker data from sources, showing that OPEC’s share of India’s oil imports hit the monthly lowest since at least 2011.
Additional Details:
“OPEC’s share of India’s oil imports fell to 73% in October.
India, the world’s third-biggest oil importer, shipped in 4.56 million barrels per day (bpd) of oil in October, about 3.3% less compared with a year ago.
Of that, it bought 3.43 million bpd from OPEC.
OPEC’s share of India’s imports in September was about 81%.
India shipped in a record 336,000 bpd of U.S. oil in October, about 7.5% of total imports.”
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
