CLYDE RUSSELL: India drives Asia’s crude oil imports to 12-month high
Country’s GDP growth is behind increased demand for transport fuels while China continues to trend weaker
31 May 2024 - 05:00
Launceston — Asia’s imports of crude oil rose to the highest in 12 months in May, with the strength being driven by India as the region’s second-biggest buyer is on track to receive record arrivals.
Asia, the world’s top crude importing region, is expected to have arrivals of 27.81-million barrels per day (bpd), up from 26.89-million bpd in April, according to data compiled by LSEG Oil Research...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.