Indian imports of Iranian crude oil declined in April more than 30 percent from their March levels. With sanctions pressure mounting on Iran, the Indian government has instead turned to Latin American oil giant Venezuela, as well as Iraq and Oman, for more crude. India’s economic growth has slowed down, but a series of government initiatives announced in September suggest its economy could rebound by next year. vans maroon and grey
First quarter GDP in China, meanwhile, was worse than expected, leading to speculation of a lower global oil demand for 2013. Chinese crude https://www.ngrl.co.uk oil imports from Iran declined more than 4 percent in April from the previous year. Nevertheless, China is expected to witness “substantially better” economic growth in 2013. (Related Article: Assad is Back, and Syrian Peace Will Be on His Terms)
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