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India’s Crude Imports Drop To 6-Month Low

Oil

India’s crude oil imports in January fell by 132K b/d m-o-m and 161K b/d y-o-y to 4.1M b/d, the lowest since July, data from India’s Petroleum Planning and Analysis Cell shows. Clean product exports (consisting of diesel, petrol, naphtha and jet fuel) were down by 135K b/d m-o-m and 234K b/d y-o-y to 1.1M b/d, the lowest since October 2015. This included a 90K b/d m-o-m and 132K b/d y-o-y fall in diesel exports to an 8-month low of 435K b/d.