More than 250,000 barrels of US crude are set to arrive in India every day next month, the highest in more than a year

The increased quotas include 13.25 million tonnes of refined products – gasoline, diesel and aviation fuel

"Our refining margins were in the negative, and operations only began to recover slightly from late May with some early signs of easing in lockdowns," a refinery trading manager said

European diesel supplies have shrunk following the disruption caused by sanctions imposed on Russia in response to its invasion of Ukraine

Most Asian buyers halted imports in 2019 after Donald Trump withdrew from the nuclear deal with Iran and re-imposed sanctions on oil exports

The metal used in everything from aircraft to cans rose as much as 3.3% to a 13-year high of $3,236 a tonne on Tuesday. It later eased to $3,187.