India imported just 132,000 b/d of crude from Iran in May, the lowest figure since March 2013.
The sharp fall from 343,000 b/d for April and the 2018 average of 513,000 b/d is in line with Indian officials’ statements that the country was ending buying of Iranian crude with the 2 May expiry of its 180-day waiver from US sanctions. (CONTINUED - 309 WORDS)