This dip can be attributed, in part, to the robust import figures recorded in September 2024. The country imported a cumulative of 4.70 million barrels per day of crude oil in September, up from 4.17 million barrels per day in August.
"With domestic demand expected to rise due to festive seasons in Q4, refineries will likely be ramping up crude runs and imports next month," said Serena Huang, Head of APAC Analysis at Vortexa.
This story is from the October 31, 2024 edition of The New Indian Express.
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This story is from the October 31, 2024 edition of The New Indian Express.
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