Now, India a key contributor to crude slump due to nationwide lockdown

Storages at refineries are overflowing with refined products as motorists go off the roads, planes disappear from the skies and factories shut, forcing refiners to cut utilisation. Indian Oil has cut run rate by 30%. Other refiners too have sharply slowed, forcing some to look for new places to store their products.

from Energy-Industry-Economic Times https://ift.tt/2JhmABt