Australia’s diesel imports fall to nine-month low in January

Oil

Australia’s diesel imports declined by 30K b/d m-o-m to 450K b/d in January, falling for the fifth consecutive month to the lowest level since April, according to Australia's Petroleum Statistics data. Despite falling to a nine-month low imports still remain up by 60K b/d y-o-y however. Arrivals of jet fuel edged up by 10K b/d m-o-m to 110K b/d.