Gulf Oil and Gas accountACCOUNT

India Oil Trade in May 2013

Source: OPEC 6/20/2013, Location: Asia

In April, India’s crude imports rose by 269 tb/d, or 7.5%, from the previous month to average 3.9 mb/d. India’s crude imports were the highest since January 2013. Crude imports reflect an annual increase of 235 tb/d or 6.4%.

On the product side, India’s imports saw an increase on a monthly basis by 30 tb/d, or 10%, to average 327 tb/d, while y-o-y imports declined by 56 tb/d or 15%. At the same time, India’s product sales were 3% higher in April. The gain seen in product imports came mainly as a result of increased import volumes of LPG, which increased by 31% from previous month. While fuel oil imports declined by 34%, no kerosene imports were registered in April.

In terms of exports, India’s product exports declined in April by 116 tb/d, or 8%, to average 1.3 mb/d. On a y-o-y basis, product exports saw a greater decline, as they dropped by 287 tb/d or 27%. The decline in product exports has been registered on all products with the exception of jet fuel and fuel oil, which saw a slight gain in exports from last month by 3% and 1%, respectively. Consequently, India net imports increased by 415 tb/d to average 2.8 mb/d, reflecting a gain of 17% m-o-m but a decline of 4% from last year.

Oil News in India >>

Azerbaijan >>  10/4/2019 - Saipem, in consortium with Boshelf LLC and STAR GULF FZCO, has recently been awarded three new contracts by BP for the development of the Azeri-Chirag...
Russia >>  9/30/2019 - As part of its exploration campaign, Rosneft Oil Company has successfully completed the drilling of the first prospecting and appraisal well at the Vo...

Russia >>  9/26/2019 - GTT has signed a contract with SAREN B.V. (Russian joint venture of Renaissance Heavy Industries Russia and Saipem) related to detailed design and con...
Kazakhstan >>  9/24/2019 - Alik Aidarbayev, Chairman of the Management Board at JSC NC “KazMunayGas” (“KMG”) met with Tore Loseth, Senior Vice President for Exploration at Equin...

Kazakhstan >>  9/20/2019 - President of PJSC LUKOIL Vagit Alekperov and Chairman of the Management Board of KazMunayGaz Alik Aidarbayev have signed today in Almaty (Kazakhstan) ...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


India Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.