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India's oil product exports drop to 5-month low

Oil

India's exports of clean oil products (consisting of diesel, petrol, naphtha and jet fuel) in October fell by 223K b/d m-o-m and 307K b/d y-o-y to 1.01M b/d, the lowest since May, PPAC data shows. Diesel exports accounted for much of the decline, slipping 100K b/d m-o-m and 243K b/d y-o-y to a four-month low of 425K b/d. India's clean product exports over the first 10 months of 2015 have fallen by 52K b/d y-o-y to 1.09M b/d, as growing domestic demand offsets higher crude runs.