One of Asia’s Top Buyers Has Cut Oil Processing to a 15-Year Low
Processing facilities stand at the new Phase 3 facility at the Persian Gulf Star Co. (PGSPC) gas condensate refinery in Bandar Abbas, Iran. (Photographer: Ali Mohammadi/Bloomberg)

One of Asia’s Top Buyers Has Cut Oil Processing to a 15-Year Low

(Bloomberg) -- Once a major contributor to Asia’s status as the world’s top oil-importing region, India’s crude purchases and refinery run rates are plummeting as its economy rapidly decelerates.
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