Launceston — Asia’s imports of crude oil rose to the highest in 12 months in May, with the strength being driven by India as the region’s second-biggest buyer is on track to receive record arrivals.

Asia, the world’s top crude importing region, is expected to have arrivals of 27.81-million barrels per day (bpd), up from 26.89-million bpd in April, according to data compiled by LSEG Oil Research...

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