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India's crude imports from Iran rise 17% m-o-m

Oil

India's crude oil imports from Iran in September increased by 17% m-o-m but down 3.4% y-o-y to 233K b/d, Reuters reports citing tanker tracking data. This included a 2M bbl purchase by Indian Oil Corporation (the first since May) which is expected to be discharged at its recently commissioned 300K b/d Paradip refinery.