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India's crude imports from Iran in July fall to four-month low

Oil

India's crude oil imports from Iran in July slipped by 69K b/d (24%) m-o-m to average a four-month low of 215K b/d, Reuters reports citing tanker tracking data. Compared to July 2014, imports were up by a marginal 5K b/d. Over the first seven months of 2015 imports have averaged 215K b/d, down 59K b/d from the same period last year. However, over the first four months of the new fiscal year imports were up 69K b/d y-o-y to 283K b/d.