India experienced a 5.9% month-on-month increase in crude oil imports in October, reaching 18.53 million metric tons, after a four-month decline. The rise is attributed to heightened winter demand and increased industrial activity during the festive season. Additionally, the year-on-year increase reflects solid economic growth and higher domestic demand. OPEC's share in India's oil imports hit a 10-month high in October, with refiners favoring crude from Saudi Arabia and the UAE due to narrowed discounts for Russian oil.

SOURCE: GOOGLE