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India’s crude imports reach three-month high

Oil

India’s crude oil imports increased by 150K b/d m-o-m and 230K b/d y-o-y to 4.24M b/d in October, rising to a three-month high after falling to the lowest level since October 2021 in September, according to data from the Petroleum Planning and Analysis Cell (PPAC). Across the first ten months of the year imports have averaged 4.57M b/d, which is up by 390K b/d compared to the same period in 2021.