India refiners News

India, the world`s number 3 crude oil consumer, received about 266,000 barrels per day (bpd) of oil from Iran last month.

India`s diesel imports this year may rise to the highest since at least 2011 as refiners shut down to upgrade their units to meet new fuel standards and as warmer temperatures spur demand, said five industry sources.

Asia`s oil markets are being upended as India`s and China`s refiners overtake once-dominant buyers like Japan and challenge the United States as the world`s biggest consumer.