A surge in India's oil imports from the United States outpaced growth in shipments from its traditional suppliers in the Middle East, after Washington imposed sanctions on Tehran in November, according to tanker arrival data obtained from sources. U.S. President Donald Trump's administration
NEW DELHI - A surge in India's oil imports from the United States outpaced growth in shipments from its traditional suppliers in the Middle East, after Washington imposed sanctions on Tehran in November, according to tanker arrival data obtained from sources.
India, the world's third-biggest oil importer, bought about 184,000 barrels per day oil from the United States over November 2018 to May 2019, compared with about 40,000 bpd in the same period a year earlier, the tanker data obtained from shipping and industry sources showed. U.S. Secretary of State Mike Pompeo, who will be in New Delhi on Tuesday, earlier this month said India should boost oil and gas purchases from Washington to cut reliance on difficult regimes like those found in Venezuela and in Iran.
Story continuesShe said the higher official selling prices of Middle Eastern grades and rising spot premium are also pushing India to buy more U.S. oil. Also, over the last few years, Indian refiners have installed secondary units to be able to process cheaper, lower-quality crude grades.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Opinion | Trump’s Peace Plan Is Immoral, Impractical—and Could Blow Up the Middle EastThe Trump administration’s focus on economics is a strategic mistake that could stymie the negotiations before they begin.
Leer más »
European stocks set to open lower as Middle East tensions lingerEuropean stocks are set to open lower Monday as tensions between the U.S. and Iran continue to stoke fears of a military confrontation in the Middle East.
Leer más »
Oil prices rise as Middle East tensions simmerOil prices climbed on Monday as tensions remain high between Iran and the United...
Leer más »
Scars on Middle East landscape bear witness to past peace failuresAcross the Golan are reminders of the 1967 and 1973 wars between Israel and Syria: minefields, foxholes and abandoned armor. One former Syrian building bears Arabic graffiti reading 'The Syrian army passed by here'. via farrellreporter and Ronen Zvulun
Leer más »
A Trump Middle East peace plan initiative minus Israelis and PalestiniansIt's unclear what remains of the “ultimate deal” for Middle East peace President Trump has been championing since his 2016 campaign.
Leer más »
Trump's Middle East plan is a refreshing changeThe Trump administration is no less committed to peace than its predecessors, writes Jon Lerner. The key difference is that Trump does not feel tied down by the unsuccessful formulas of the past, and he and his team are willing to openly challenge that conventional thinking.
Leer más »