Gulf Oil and Gas accountACCOUNT

India Oil Trade in July 2013

Source: OPEC 8/29/2013, Location: Asia

India’s crude oil imports decreased for the second month in a row in June both on a monthly and annual basis. M-o-m the drop is equal to 483 tb/d, or 13%, while y-o-y it saw a decline of 259 tb/d, or 7%, to average 3.4 mb/d. India crude imports are considered to be at their lowest level since July 2012.

India’s product imports dropped as well in June by 21 tb/d, or 8%, to average 243 tb/d, the lowest this year so far and down from same month last year by 18%. The drop in product imports came on the back of reduced imports of LPG, which declined in June by 40%.

With regard to Indian product exports, the figure reflects an increase in all exports except for naphtha, which dropped by 21 tb/d or 9% from last month. Therefore, total product exports increased by 5% from May and by 10% from last year to average 1.3 mb/d. The monthly gain in product exports was the result of higher exported volumes of diesel, jet fuel and fuel oil.

Consequently, India’s net oil trade saw a drop of 567 tb/d, or 20%, from last month and a drop of 423 tb/d, or 16%, from a year ago.

Oil News in India >>

China >>  10/21/2019 - Total has signed a shareholders’ agreement with Chinese state-owned Zhejiang Energy Group (ZEG), to create a joint venture company dedicated to the su...
India >>  10/17/2019 - The Abu Dhabi National Oil Company (“ADNOC”), Adani Group (“Adani”), BASF SE (“BASF”) and Borealis AG (“Borealis”) have signed a Memorandum of Underst...

Russia >>  10/17/2019 - Rosneft has set drilling data monitoring stations with artificial intelligence elements at heavy drilling rigs. It was reported by the First Vice-Pres...
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...

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.