How China-US trade war benefits India imports!
Image Credit: Wikimedia Common
India, being the world’s 3rd-largest crude importer, has placed an order of 9.94 mn barrels of crude from US in August which is triple the amount booked in July and more over it was just 190,000 bpd for November last year which showed a jump in imports. India may better off with lower crude prices as China who topped the importer list of US crude and gas has boycotted the imports because of China-US trade war.