*With demand in the world’s number one oil importer, China, underperforming expectations this year (MEES, 16 August) a lot of hopes are on India to pick up the slack.
*But the country’s latest official import data for July shows crude imports falling to 3.90mn b/d, the lowest in two and a half years. Year-to-date volumes, at 50.4mn b/d for 7M 2024 are also now down year-on-year, albeit fractionally. (CONTINUED - 227 WORDS)
