 "Crude oil")
India is set to emerge as a key market for American crude oil exports in coming months, as refineries in that country are ramping up “test” purchases of US grades to diversify their imports.
US exports recently set a weekly record with nearly 2 million barrels of crude oil a day sent overseas. But shipments to India have been rare, with just a few deliveries since the US lifted its ban on crude exports in late 2015.
Indian refineries are starting to increase purchases as the country seeks to secure more supply from outside the West Asia.
US exports recently set a weekly record with nearly 2 million barrels of crude oil a day sent overseas. But shipments to India have been rare, with just a few deliveries since the US lifted its ban on crude exports in late 2015.
Indian refineries are starting to increase purchases as the country seeks to secure more supply from outside the West Asia.
