India's crude imports from Iraq surge in July
India's crude oil imports from Iraq in July increased by 122K b/d m-o-m and 262K b/d y-o-y to average a multi-year high of 814K b/d, Reuters reports citing tanker tracking data. This made the Middle Eastern country India's largest crude supplier in the month. Over the first seven months of 2015, Iraq's crude exports to India have increased by 25% y-o-y to average 624K b/d. India's overall imports from the Middle East Gulf in July were up by 247K b/d m-o-m and 323K b/d y-o-y to a six-month high of 323K b/d. Shipments from West Africa rose by 124K b/d m-o-m and 58K b/d y-o-y to 721K b/d. Imports from Latin America and the Caribbean were up 87K b/d m-o-m but down 34K b/d y-o-y.