MUMBAI: India´s oil imports in June fell 8.4 percent from May to around 3.8 million barrels a day, according to trade sources and ship-tracking data compiled by Thomson Reuters Supply Chain & Commodities Research, as refiners slowed purchases to contain inventories ahead of quarterly earnings. Saudi Arabia re-emerged as the top oil supplier to India in June after a gap of two months, while Iraq slipped to second position.
In the April-June period, however, Iraq overtook Saudi Arabia for the first time in a entire quarter, helped by demand for its discounted heavy crude. India´s oil imports from Iran rose 34.4 percent in June from a year earlier, with Tehran becoming the fourth-biggest oil supplier to India and accounting for a tenth of overall imports.
