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India’s crude imports have fallen to the lowest level in a decade

India’s crude oil imports fell to their lowest in a decade in July as fuel demand slowed amid coronavirus-induced lockdowns and sliding refining throughput. The nation’s demand for oil products also remains subdued

Crude imports have slumped 36% compared with last year as India’s state-run refiners slashed runs, with demand expected to remain subdued until at least the end of the year impacting tanker demand and freight rates

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