India Top Buyer of US Crude

Oil

US crude exports to India in May, its top destination, averaged 360K b/d, down slightly by 10K b/d m-o-m, while volumes to China rose to a four-month high of 350K b/d, up 148K b/d m-o-m, Argus reported, citing US Census Bureau data. These two major importers made up about a quarter of US crude exports, which averaged 2.71M b/d in May, down 530K b/d m-o-m.