India Oil Trade - August 2016

Source: OPEC 9/5/2016, Location: Asia

In June, India’s crude imports increased by 172 tb/d, or 4%, from the previous month to average 4.3 mb/d, while y-o-y, they increased by 500 tb/d or 13%. Product imports in June dropped by 119 tb/d from the previous month to average 670 tb/d, while y-o-y, they dropped by just 24 tb/d.

On the other hand, India’s product exports were higher in June by 222 tb/d, or 19%, to average 1.4 mb/d, while y-o-y, they increased from last year by 215 tb/d or 18%. India’s monthly product exports were mainly higher in diesel and fuel oil.

Consequently, India’s net imports declined by 169 tb/d to average 3.6 mb/d, reflecting a drop of 5% m-o-m and 8% y-o-y.


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