India’s December Oil Imports Jump To Highest Level In Three Years

Crude oil imports in the world’s third-largest oil importer and consumer, India, surged in December 2020 to their highest in almost three years, Reuters reported on Tuesday, citing data from trade sources, as India’s fuel demand hit the highest in 11 months.   India’s crude oil imports jumped by 29 percent in December 2020 compared to November and by 11.6 percent compared to December 2019, to more than 5 million barrels per day (bpd), according to the data obtained by Reuters. At the same time, provisional data from India’s…