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Oil prices rose on Monday, July 7, 2018, as Brent crude futures rose by 13 cents to $ 74.42 per barrel and WTI crude oil futures by 31 cents to $ 69. the barrel. Brent rose 1.7% last week to make its first gain in four weeks, while WTI fell 1.3% Friday.
The US economy experienced the fastest growth in nearly four years in the second quarter, but trade tensions persist between Washington and Beijing despite their ebb and flow between the United States and the European Union.
Tankers were suspended across the Bab al-Mandab Strait in the Red Sea, one of the main oil routes, after the Houthis allied with Iran attacked two ships in the Strait.
as drilling companies expand their operations for the first time According to data released Friday, these past three weeks
Indian Imports of Iranian Oil Fall 12% in June Compared to the Previous Month
Indian refinery purchases at Iranian oil fall by about 12% in June from the previous month Iran's largest crude oil buyer after China, distanced from Tehran's oil after the United States withdrew from the nuclear market in 2015.
And bought Indian refineries are about 664,000 barrels a day of oil from Iran in June, according to a statement from Minister of Petroleum Dharmendra Prad "Indian refineries imported 1.9 million tons of crude oil from Iran in June 2017 and demanded 2.82 million tons in June 2018," said the minister.
Public refiners in India, which account for 60% of the country's total refining capacity of 5 million barrels a day, reduced their imports to Iran in 2017-2018 due to disagreements over the right to develop giant gas field.
But refineries increased their imports during the current fiscal year, which began in April after Iran offered free shipping and a credit period 60 days.
Iran has become the second largest supplier of refineries in India after Iraq from April to June, but India has warned of a sharp decline imports from OPEC.
India was carrying about 715,600 barrels a day from April to June 2018, an increase of 45% over the previous quarter, according to data presented to Parliament
According to data obtained by the Arrival of tankers obtained by "Reuters" from the sources, Iran's monthly imports of Iranian oil fell by 16%.
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