India's crude oil imports rise to highest level in 7 years

Crude imports in Oct climbed 10.5% from a year earlier to 21.02 million tonnes, the highest monthly import figure in PPAC data going back to April 2011. Imports rose as many refiners resumed purchases after maintenance of units. In Oct, oil imports from Africa surged to more than a three-year high. Meanwhile, imports of oil products declined nearly 20% and exports fell more than 4%.

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