India's crude imports fall to year-to-date low

Oil

India's crude oil imports in October dropped by 176K b/d m-o-m and 148K b/d y-o-y to average an 11-month low of 3.68M b/d, according to data from the country's Petroleum Planning and Analysis Cell (PPAC). However, India's crude imports during the first 10 months of 2015 are still 112K b/d higher than during the same period in 2014 at an average of 3.9M b/d.