Indian Oil Corporation (IOC), the country’s biggest refiner and fuel retailer, has issued a tender to import a total of up to 24 million barrels of crude oil from the United States between October this year and March next year, Reuters reported on Monday, citing tender documents it has seen. IOC wants to import 2 million barrels each month for the six months after October 2020, plus an option for another 2 million barrels of oil from the U.S. every month during that period, according to the documents. India has already boosted its imports of U.S. crude oil after the United States ended the waivers for Iranian oil customers when it stepped up the sanctions pressure on Iran’s regime last year. India, the world’s third-largest importer, started importing U.S. crude oil on a regular basis in 2017. In two years, Indian imports of American oil jumped tenfold—from 9.6 million […]