India’s Refinery Run Rates Hit 15 Year Lows

India, one of the drivers of oil demand growth in Asia and the world, has just seen its oil imports drop to three-year lows and fuel processing rates plunge to a 15-year low, as slowing economic growth is taking its toll on demand. According to India’s government data compiled by Bloomberg, refinery runs in September were at their lowest in 15 years, amid waning demand for fuels. India’s diesel exports increased last month, due to slowing domestic demand. Diesel is the most consumed fuel in India and is used as a gauge for economic…