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According to a report from Moscow on the ICIS-MRC website on July 19, according to Reuters, India’s June crude oil imports fell to the lowest level in 9 months, due to low consumption and the new crown pneumonia blockade in the first two months, which led to an increase in fuel stocks.
, The refinery reduced purchases
.
According to data on tanker arrivals from trade sources, as the world’s third largest oil importer and consumer, India’s crude oil imports last month were approximately 3.
9 million barrels per day, a decrease of approximately 7% from May, but compared with the previous year.
An increase of 22% over the same period
.
India is the second largest crude oil importer in Asia, and its crude oil imports fell last month
.
An Indian refining official who asked not to be named said that after India’s fuel demand rose in February and March, the country’s refiners accelerated crude oil processing and oil imports
.
However, after the government took restrictive measures to contain the second wave of the coronavirus epidemic, fuel demand in April and May fell sharply, resulting in high fuel inventories in refineries
.
However, according to data, India's crude oil imports from April to June increased by 11.
7% year-on-year to 4.
1 million barrels per day, because the blockade restrictions were not as severe as when the new crown epidemic first hit India last year
.
Last month, Iraq remained India’s largest oil supplier, followed by Saudi Arabia
.
The UAE has risen four places to become the third largest supplier, while Nigeria has risen from fifth to fourth in May
.
The United States ranked fifth, followed by Canada
.
According to data, the proportion of India's oil imports from the Middle East in June rose to approximately 59% from 53% in the previous month, while the share of other regions declined
.
, The refinery reduced purchases
.
According to data on tanker arrivals from trade sources, as the world’s third largest oil importer and consumer, India’s crude oil imports last month were approximately 3.
9 million barrels per day, a decrease of approximately 7% from May, but compared with the previous year.
An increase of 22% over the same period
.
India is the second largest crude oil importer in Asia, and its crude oil imports fell last month
.
An Indian refining official who asked not to be named said that after India’s fuel demand rose in February and March, the country’s refiners accelerated crude oil processing and oil imports
.
However, after the government took restrictive measures to contain the second wave of the coronavirus epidemic, fuel demand in April and May fell sharply, resulting in high fuel inventories in refineries
.
However, according to data, India's crude oil imports from April to June increased by 11.
7% year-on-year to 4.
1 million barrels per day, because the blockade restrictions were not as severe as when the new crown epidemic first hit India last year
.
Last month, Iraq remained India’s largest oil supplier, followed by Saudi Arabia
.
The UAE has risen four places to become the third largest supplier, while Nigeria has risen from fifth to fourth in May
.
The United States ranked fifth, followed by Canada
.
According to data, the proportion of India's oil imports from the Middle East in June rose to approximately 59% from 53% in the previous month, while the share of other regions declined
.
