India’s Oil Demand Set For Record High Despite Dipping In April

India’s crude oil imports fell slightly in April from a month earlier and refinery intake dipped month-on-month, according to data from the Joint Organizations Data Initiative (JODI), but on the following month of May, the world’s third-largest crude oil importer saw record fuel demand. In April, Indian crude oil imports dropped by 55,000 barrels per day (bpd) month-on-month, JODI data showed on Monday. But crude imports in February and March were much higher than in the same months of 2022 and the five-year average between 2018 and…