| A Reuters survey reported that India’s crude oil imports rose 17.7% to 4.5 MMbpd (million barrels per day) in September 2016 compared to the same period in 2015. September imports were at their highest level since April 2009. A rise in domestic demand led to the rise in crude oil imports.
India’s oil ministry expects India’s crude oil demand to rise 11% in 2016 compared to 2015. This would be driven by better economic growth and favorable monsoon rains. Market research company Energy Aspects estimates that crude oil consumption in India will rise by 400,000 barrels per day in 2016 and 2017........................................Full Article: Source
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