• 4 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 7 minutes Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 13 minutes NordStream2
  • 1 hour Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 17 mins California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 hour "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 4 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 2 days U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 2 days Nord Stream - US/German consultations
  • 4 days An Indian Opinion on What is Going on in China
  • 408 days Class Act: Bet You've Never Seen A President Do This.
  • 4 days Can Technology Keep Coal Plants Alive and Well?
  • 5 days Succession Planning in Human Resources for Vaccinated Individuals in the Oil & Gas Industry
  • 1 day Australia sues Neoen for lack of power from its Tesla battery
  • 1 day Forecasts for Natural Gas
  • 4 days Storage of gas cylinders
Is It Time To Invest In Tidal Energy?

Is It Time To Invest In Tidal Energy?

On paper, tidal energy has…

3 Tech Stocks That Could Change The World

3 Tech Stocks That Could Change The World

Technology is changing everything we…

India’s Oil Imports Jump To Four-Month High In August

India’s oil imports surged by 23 percent month-on-month to reach a four-month high of 4.2 million barrels per day (bpd) in August, amid refiners preparing to ramp up crude throughputs for the festival season that starts next month, Reuters reported on Tuesday, citing tanker data from trade sources.

India’s oil imports also rose by 6.2 percent in August 2021 compared to the same month of 2020.

Last month’s oil imports in India reached a four-month high after several months of lower shipments due to the resurgence of COVID cases in the spring, weakened fuel demand that came with the coronavirus spread in April and May, and refinery maintenance in July.

Indian refiners imported in June 2021 the lowest volume of crude oil in nine months, as purchases slowed down in April and May when India imposed regional mobility restrictions to curb a resurgence in COVID cases. India was estimated to have imported around 3.9 million bpd of crude oil in June, which was down by 7 percent compared to the imports in May.

In July 2021, Indian refiners imported the lowest volumes of oil in a year due to refinery maintenance. Crude oil imports in July were down by 12.5 percent from the already low import volume in June, and stood at just 3.4 million bpd, industry sources with tanker data told Reuters.

Indian oil imports rebounded in August as refiners bought more crude in anticipation of raising their fuel production just in time for the festival season in October and November.  

Last month, India imported more oil from the United States and Latin America, with cargoes booked in May-June thanks to arbitrage, according to trade sources’ data obtained by Reuters.

Indian imports of U.S. oil jumped to a five-month high while shipments from Latin America increased to the highest since December 2020. The incremental purchases of crude from the Americas left the Middle East with a lower share of India’s oil imports last month—at 61.8 percent, it was down from 64.7 percent in July.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News