India guzzles Iran crude before sanctions
India, the world’s fastest growing oil consumer is guzzling down Iranian crude before US sanctions start squeezing supplies from the Persian Gulf nation. in May, a 35 per cent increase from the previous month, tanker tracking and shipping data compiled by Bloomberg show. That pushed the Iran up the ranks as the second-biggest supplier to the Asian nation, overtaking There’s “a ratcheting up of competition among suppliers to capitalize on the Indian market as the country’s demand for oil grows,” said Abhishek Kumar, senior analyst at ...
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