Indian refiners' February crude processing stays elevated amid robust demand

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Indian refiners' February crude processing stays elevated amid robust demand
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Indian refiners' crude oil processing remained near record levels in February, provisional government data showed on Wednesday, catering to rising demand in the world's third biggest oil importer and consumer.

Refinery throughput was 2% higher year-on-year at 5.46 million barrels per day for February. Throughput stood at 5.39 million barrels per day in January.

Crude oil processed in million barrels per day terms, taking into account the fewer days in February, was the highest since Reuters records going back to 2009.hit its highest level in at least 24 years in February, with industrial activity in Asia's third biggest economy boosted by cheap Russian oil.

In February, Russia tightened its grip on India's oil market, while sending the share of African crude oil in India's total crude imports to its lowest level in at least 22 years.

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