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Oil Trade
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OPEC Monthly Oil Market Report – June 2016
Graph 8.6: China’s exports of crude and petroleum products
Consequently,
China’s net oil imports increased by 328 mb/d, or 4%, from the
previous month to average 8.2 mb/d
, and 7% from a year ago.
Table 8.3: China’s crude and product net imports, tb/d
India
In April, India’s
crude imports
stayed at high levels as they averaged 4.4 mb/d despite
the country approaching peak maintenance season in May. India’s crude imports in
April remained almost stable from a month earlier. On an annual basis, this reflected a
big gain of 592 tb/d, or 16%, from the previous year. Separately, India’s refinery
throughput dropped in April from the previous month.
Graph 8.7: India’s imports of crude and petroleum products
-20
20
60
100
140
180
0
200
400
600
800
1,000
1,200
1,400
Apr 15
May 15
Jun 15
Jul 15
Aug 15
Sep 15
Oct 15
Nov 15
Dec 15
Jan 16
Feb 16
Mar 16
Apr 16
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.
0
1,000
2,000
3,000
4,000
5,000
0
200
400
600
800
1000
Apr 15
May 15
Jun 15
Jul 15
Aug 15
Sep 15
Oct 15
Nov 15
Dec 15
Jan 16
Feb 16
Mar 16
Apr 16
tb/d
tb/d
Others
LPG
Naphtha
Gasoline
Kerosene
Gasoil
Fuel oil
Crude (RHS)
Sources: Petroleum Planning & Analysis Cell of India and OPEC Secretariat.
Change
Feb 16
Mar 16
Apr 16 Apr 16/Mar 16
Crude oil
8,006
7,550
7,885
335
Total products
401
359
351
-7
Total crude and products
8,408
7,908
8,236
328
Sources: Argus China Petroleum and China, Oil and Gas Petrochemicals and OPEC Secretariat.