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Oil Trade
OPEC Monthly Oil Market Report – June 2016
75
India’s
product imports
increased by 209 tb/d, or 32%, from a month ago to average
850 tb/d. On a y-o-y basis, this reflects a gain of 293 tb/d, or 52%, with the increase in
product imports mainly supported by higher imports of diesel.
Graph 8.8: India’s exports of petroleum products
As to Indian
product exports
, in April they increased by 318 tb/d, or 33%, from a year
earlier to average 1.3 tb/d, with exports of diesel and petrol increasing from the
previous year.
Consequently,
India’s total net imports increased by 284 tb/d to average 4 mb/d
.
Table 8.4: India’s crude and product net imports, tb/d
FSU
In April,
total crude oil exports from the FSU dropped by 55 tb/d, or 1%, to
average 6.85 mb/d
. Crude exports through the Russian pipeline increased by 223 tb/d,
or 5%, to average 4.5 mb/d.
Total shipments from the
Black Sea
dropped by 91 tb/d, or 12%, from last month to
average 674 tb/d. Total
Baltic Sea
exports increased by 229 tb/d in April as shipments
from the Primorsk port terminal went up by 237 tb/d. Total shipments along the
Druzhba pipeline
increased by 27 tb/d to average 1.1 mb/d.
Kozmino
shipments increased by 59 tb/d, or 10%, to average 684 tb/d.
Exports through the
Lukoil system
declined from the previous month, particularly in
the Barents Sea and the Baltic Sea where exports dropped by 13 tb/d and 7 tb/d,
respectively.
0
400
800
1,200
1,600
0
400
800
1,200
1,600
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
Fuel oil
Gasoil
Kerosene
Gasoline
Naphtha
Others
Sources: Petroleum Planning & Analysis Cell of India and OPEC Secretariat.
Change
Feb 16
Mar 16
Apr 16 Apr 16/Mar 16
Crude oil
4,261
4,379
4,382
3
Total products
-910
-714
-434
281
Total crude and products
3,352
3,665
3,949
284
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.