By 2 Min ReadNEW DELHI (Reuters) – India’s crude oil imports fell to their lowest level in nine months in June, as refiners cut back on purchases due to higher fuel inventories as a result of low consumption and renewed coronavirus lockdowns in the previous two months.FILE PHOTO: Oil tankers are seen parked outside a fuel depot on the outskirts of Kolkata on February 3, 2015. REUTERS/Rupak De Chowdhuri/File PhotoIndia, the world’s third-largest oil importer and consumer, imported about 3.9 million barrels per day (bpd) of crude last month, down 7% from May but up 22% from a year ago, according to tanker arrival data obtained from trade sources.India is Asia’s second-largest crude importer after China. The United Arab Emirates climbed four spots to become India’s third-largest supplier, while Nigeria moved up to No. 4 from No. 5 in May. The United States was fifth, followed by Canada.The share of oil from the Middle East in India’s imports increased to about 59 percent in June, up from 53 percent the month before, according to data.Graphic: Share of various regions in India’s o/n
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