India has shipped in 7.2% more oil in November, compared with a year ago, according to statistics cited by Hellenic Shipping News.
According to reports, Iran’s share in the India’s overall imports declined to its lowest level in eight months due to international sanctions. Saudi Arabia was the top seller in the Indian market, the fourth biggest oil consumer in the world.
In related news, data released by the Indian shipbroker Interocean, cited by Platts, revealed that coal stocks at 17 major Indian ports totaled 11.57mmt as of mid December. This included 9.29mmt of thermal coal, and 2.13mmt of coking coal.
The 17 ports surveyed by Interocean were Mangalore, Tuticorin, Kakinada, Paradip, Kandla, Gangavaram, Visakhapatnam, Krishnapatnam, Muldwarka, Bhavnagar, Pipavav, Goa, Haldia, Magdalla, Dahej, Mumbai, and Karaikal.