Table of Contents Table of Contents
Previous Page  81 / 106 Next Page
Information
Show Menu
Previous Page 81 / 106 Next Page
Page Background

Oil Trade

OPEC Monthly Oil Market Report – October 2017

73

Graph 8 - 6: China’s exports of crude and petroleum products

As a result,

China’s net oil imports fell by 85 tb/d from the previous month to average 8 mb/d in

August

, though remaining higher by 216 tb/d from a year earlier.

Table 8 - 3: China’s crude and product net imports, tb/d

India

India’s crude oil imports

rose in August by 188 tb/d, or 5%, from the previous month to average 4.3 mb/d,

while falling 164 tb/d, or 4% from a year earlier. Monthly imports rose along with higher throughputs reported

in August.

Product imports

in August declined by 56 tb/d from the previous month to average 810 tb/d, down by

109 tb/d y-o-y. The drop in monthly product imports came on the back of lower imports of diesel and

gasoline, which fell by 73 tb/d and 38 tb/d, respectively.

Graph 8 - 7: India’s imports of crude and petroleum products

0

50

100

150

200

250

300

0

200

400

600

800

1,000

1,200

1,400

1,600

Aug 16

Sep 16

Oct 16

Nov 16

Dec 16

Jan 17

Feb 17

Mar 17

Apr 17

May 17

Jun 17

Jul 17

Aug 17

tb/d

tb/d

Others

LPG

Naphtha

Gasoline

Jet fuel

Diesel

Fuel oil

Asphalt

Crude (RHS)

Sources: Argus China Petroleum and China, Oil and Gas Petrochemicals and OPEC Secretariat.

Change

Jun 17

Jul 17

Aug 17 Aug 17/Jul 17

Crude oil

8,733

8,157

7,962

-195

Total products

391

8

118

110

Total crude and products

9,123

8,165

8,080

-85

Sources: Argus China Petroleum and China, Oil and Gas Petrochemicals and OPEC Secretariat.

0

1,000

2,000

3,000

4,000

5,000

0

200

400

600

800

1000

Aug 16

Sep 16

Oct 16

Nov 16

Dec 16

Jan 17

Feb 17

Mar 17

Apr 17

May 17

Jun 17

Jul 17

Aug 17

tb/d

tb/d

Others

LPG Naphtha

Gasoline

Kerosene

Gasoil

Fuel oil

Crude (RHS)

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