India’s crude oil imports fell by 960,000 b/d year-on-year to 3.77mn b/d for May. The latest figures from data intelligence firm Kpler point to imports falling closer to 3.4mn b/d for June.

This is not surprising given that the country’s oil demand fell to a 12-year low of just 2.42mn b/d for April with the full month under lockdown. (CONTINUED - 124 WORDS)