West Africa: India's Slowing Purchases Put West Africa Oil Exports At Risk

25 May 2021

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.

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