Gulf Oil and Gas accountACCOUNT

India Oil Trade - September 2017

Source: OPEC 9/14/2017, Location: Asia

In July, India’s crude imports averaged 4.1 mb/d, which is 222 tb/d, or 5%, lower than the level in previous month. India’s refinery throughput went down slightly from one month before. On an annual basis, it increased slightly by 24 tb/d, or 1%.

Product imports went up in July by 84 tb/d, or 10%, from a month ago to average 909 tb/d y-o-y, reflecting a gain of 114 tb/d, or 14%, y-o-y. They remain supported by strong demand in the country. The monthly increase in product imports came mainly as a result of higher imports of LPG, while diesel imports went down from the previous month.

India’s product exports rose in July by 92 tb/d from the previous month to average 1.4 mb/d, the highest level since March 2017, while they increased by 45 tb/d, or 3%, from a year earlier. Monthly exports of almost all products increased.

Consequentially, India’s net imports declined by 230 tb/d to average 3.6 mb/d, which is 6% lower than last month, while they remained 3% higher than a year ago.

Oil News in India >>

China >>  2/11/2020 - The coronavirus epidemic in China has triggered restrictions in the country’s public transport and air travel, both at a domestic and an international...
China >>  2/9/2020 - Oil prices slipped lower on Monday as traders assessed China’s oil demand following the coronavirus outbreak and waited to see if major producers will...

India >>  2/5/2020 - Rosneft Oil Company and Indian Oil Corporation Limited (IOCL) signed a contract to supply up to 2 million tonnes of oil to India via the port of Novor...
Nigeria >>  1/27/2020 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces, on behalf of the Otakikpo Joint Venture...

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 © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.