India's oil imports at near 3 year high in December

India's crude oil imports in December soared to the highest levels in nearly three years to more than 5 million barrels per day (BPD) as its refiners cranked up output to meet a rebound in fuel demand, data from trade sources showed.
India's year-end rush for crude supplies coincided with stronger demand from north Asian buyers during winter, boosting prices and an accelerating de-stocking of floating storage globally.