India’s crude imports and refinery runs remained robust in April as refiners shipped in cargoes contracted earlier and refrained from backing out of deals despite a second wave of COVID-19 triggering demand destruction fears . Analysts, however, said the full impact of the crisis will get reflected only in May numbers. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Although India started to witness record COVID-19 cases in the early part of April, the number of regional lockdowns started to increase only towards the later part of the month and early May, while the country stayed away from a national lockdown. As a result, refiners met all their April import commitments, analysts said. “Just like last year, India’s refiners had been slow to respond as crudes were bought in advance. There was also uncertainty over demand weakness as different states took on measures of varying […]