Indian Refiners Decrease Imports From Iran by 38% in May

Reuters reported that Indian refiners have decreased imports from Iran by 38% in May.

As quoted in the market news:

India imported about 243,000 barrels per day (bpd) of oil from Iran in May, down about 10 percent from April and about 38 percent from 394,000 bpd a year ago, the data made available to Reuters showed. In April – the first month of new contracts – imports from Iran slid nearly 40 percent from a year ago.

Click here to read the full Reuters report.