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India's crude imports from the Caribbean and Latin America hit 9-month high

Oil

India's crude oil imports from the Caribbean and Latin America in October rose by 145K b/d m-o-m and 130K b/d y-o-y to average a 9-month high of 846k b/d, Reuters reports, citing preliminary government and tanker tracking data. Imports from Asia also increased, with volumes more than doubling m-o-m and rising 76K b/d y-o-y to 187K b/d, the highest since April 2014. Imports from the Middle East were relatively unchanged, rising 20K b/d m-o-m but falling 22K b/d y-o-y to 2.2M b/d. Imports from West Africa slipped by 38K b/d in the month but climbed 226K b/d y-o-y to 643K b/d, with volumes supported by higher imports of Angolan crude.