India’s Crude Imports Increase In February But Product Exports Fall

Oil

India’s crude oil imports in February increased by 146K b/d m-o-m and marginally y-o-y to a 3-month high of 4.27M b/d, according to data from the country’s Petroleum Planning and Analysis Cell. However, India’s product exports, although up by 49K b/d from January declined by 300K b/d from the same month in 2016.