Australia’s Clean Product Imports Edge Upwards M-o-M In May

Oil

Australia’s clean product imports (including diesel, gasoline and jet fuel) in May increased by 17K b/d m-o-m to 531K b/d, according to government data. However, this was down by 21K b/d y-o-y. Over the first 5 months of 2017, the country’s imports have averaged 574K b/d, which compares with imports of 508K b/d during the same period in 2016.