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Oil Trade

72

OPEC Monthly Oil Market Report – August 2017

India’s product exports

averaged 984 tb/d in June, higher by 36 tb/d, or 3%, compared to the previous

month. On a y-o-y basis, product exports were lower than last year by 383 tb/d, or 2.8%. India exported

higher amounts of diesel and naphtha from the previous month, up by 34 tb/d and 27 tb/d, respectively.

Graph 8 - 8: India’s exports of petroleum products

As a result,

India’s net imports

averaged 3.8 mb/d, an increase of 36 tb/d from the previous month. Y-o-y

the increase was 60 tb/d.

Table 8 - 4: India’s crude and product net imports, tb/d

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

Jun 16

Jul 16

Aug 16

Sep 16

Oct 16

Nov 16

Dec 16

Jan 17

Feb 17

Mar 17

Apr 17

May 17

Jun 17

tb/d

tb/d

Others

Naphtha

Gasoline

Jet Fuel

Gasoil

Fuel Oil

Sources: Petroleum Planning & Analysis Cell of India and OPEC Secretariat.

Change

Apr 17

May 17

Jun 17 Jun 17/May 17

Crude oil

4,423

4,227

4,311

83

Total products

-587

-431

-478

-47

Total crude and products

3,836

3,797

3,833

36

Note: India data table does not include information for crude import and product export by Reliance Industries.

Sources: Petroleum Planning & Analysis Cell of India and OPEC Secretariat.