India’s oil imports from Canada and the United States almost doubled from December 2020

India’s oil imports from Canada and the United States almost doubled from December 2020

The share of Canada and the United States of America in India’s January oil imports surged to a record 11% while that of the Middle East and South America declined, data obtained from sources showed.

Share of Canada and the United States of America in India’s January oil imports surged to a record

Asia’s third-largest economy imported about 4.8 million barrels per day (bpd) oil in January, a decline of 6% from the previous month and marginally higher than a year earlier.

India’s imports from Canada and the United States almost doubled from December to 142,000 bpd and 367,000 bpd, respectively. The United States emerged as the fourth-biggest supplier to India after the United Arab Emirates.