West African crude sellers have been dealt a big blow by its key buyer, India slowing down its purchases as the COVID-19 pandemic continues to ravage the world's third-largest oil consumer.
India's state-owned refiners typically issue tenders for a large proportion of their crude requirements, but with the latest wave of the pandemic in the country still raging, no new tenders have been issued since late April, according to trading sources.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article