Oil Report Headlines

India's June oil imports hit their lowest in 9 months

India's crude oil imports in June fell to their lowest in nine months, as refiners curtailed purchases amid higher fuel inventories due to low consumption and renewed coronavirus lockdowns in the previous two months.

TABLE-India's April-June oil imports up 11.7% y/y - sources

India's oil imports in April-June, the first quarter of this fiscal year, stood at 4.1 million barrels per day (bpd) of oil, a growth of 11.7% from a year earlier when local fuel demand collapsed due to a COVID-induced nation-wide lockdown, the data showed. The following table shows India's imports by country. The imports include condensate. Volumes are in '000 bpd. Region/Cou June May %Chg June Chg Jan-Jun Jan-June % chg Apr

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