Iran Falls To 6th Biggest Oil Supplier To India In November


Highlights


  • India’s monthly oil imports from Iran plunged to their lowest in a year in November with Tehran dropping two places to become only the sixth biggest supplier after New Delhi cut purchases due to the impact of US sanctions, 
  • India is restricted to buying 1.25 million tons per month, or about 300,000 barrels per day (bpd). 
  • In November, India imported about 276,000 bpd of Iranian oil, a decline of about 41 percent from October and about 4 percent more than the year-ago month, ship tracking data obtained from shipping and trade sources showed.
  • The UAE, which was the sixth biggest oil seller to India in October, became the third top seller to India in November, knocking down Venezuela by a notch to fourth position. 
  • Nigeria continued at No. 5 position, while Iran slipped to sixth place.


Iran Falls To 6th Biggest Oil Supplier To India In November  Iran Falls To 6th Biggest Oil Supplier To India In November Reviewed by The Hindu Current Affairs on December 16, 2018 Rating: 5

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