Highlights US crude shipments to India surge in May, June Insurance concerns give refiners sleepless nights Eyes on incremental heavy barrels from Latin America Singapore — A question mark on India’s future strategy in buying crude oil from Iran as well as Beijing’s trade war with Washington have opened a window of opportunity for Indian refiners to dramatically step up purchases from the US, a trend that could continue in the coming months. As plentiful volumes of US crude might be looking for new homes when China imposes a 25% import tariff on American crude, a large number of the displaced barrels could make its way to India, analysts said. According to the latest US census exports data, from an average of 29,000 b/d of crude flow from the US to India in the January-April period, the […]