India's crude imports hit record high in Oct as refiners stock up for festivals, product exports

Crude imports by Indian refiners rose to an all-time high of 5.54 million b/d in October, as refiners capitalized on improved availability to build supplies ahead of festival demand, while processing higher volumes to produce additional middle distillates for international markets facing supply tightness, industry sources and analysts said Nov. 3. Domestic-bound crude imports in ...