Saturday, October 23

India’s Sept oil imports rose 19% y/y-trade


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NEW DELHI — India’s oil imports in September rose by 19% from a year earlier to 4.14 million

barrel per day (bpd), data from industry sources showed, as refiners are raising runs expecting a recovery in fuel

demand with revival of economic activity.

India’s fuel demand last month rose by 5.2% from a year earlier with gasoline demand continue to rise above

pre-pandemic level, government data showed.

Oil imports last month was down by about 1.7% from August, the data showed.

Last month, Iraq continued to be top oil supplier to India followed by Saudi Arabia. The United Arab Emirates

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improved its ranking by a notch to emerge as the third biggest supplier while Nigeria climbed to No. 4 compared to

6th position in August.

Canada emerged as the fifth largest supplier to India.

In September, India raised imports from Latin America while lifting less from Middle Eastern producers.

The sources declined to be identified as they are not authorized to speak to the media.

The following table shows India’s imports by country. The imports include condensate. Volumes are in ‘000 bpd.

Region/Country Sept Aug %Chg Sept %Chg Jan-Sept Jan-Sept %Chg Apr-Sept Apr-Sept %Chg

2021 2021 mth/mth 2020 yr/yr 2021 2020 yr/yr 2021 2020 yr/yr

Latin America

Brazil 139.7 32.8 326.0 35.5 293.7 82.9 54.3 52.5 101.2 34.8 191.0

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Colombia 74.2 69.7 6.3 0.0 — 71.0 35.0 103.2 59.0 52.3 12.7

Ecuador 74.5 72.3 3.0 0.0 — 24.2 18.3 32.7 36.2 19.0 90.6

Mexico 209.5 205.8 1.8 142.9 46.7 153.7 174.0 -11.7 143.9 145.4 -1.1

Venezuela 0.0 0.0 — 110.3 -100.0 0.0 199.3 -100.0 0.0 99.3 -100.0

Guyana 0.0 33.8 -100.0 0.0 — 7.5 0.0 — 11.2 0.0 —

TOTAL 497.9 414.4 20.1 288.6 72.5 339.3 480.9 -29.4 351.4 350.8 0.2

Asia

Brunei 18.5 19.0 -2.7 0.0 — 20.3 17.1 19.1 16.4 13.3 23.2

Malaysia 16.3 0.0 — 58.2 -72.1 28.7 46.4 -38.1 20.2 46.4 -56.4

Indonesia 19.2 0.0 — 21.7 -11.6 15.8 2.4 565.0 12.5 3.6 252.1

TOTAL 54.0 19.0 183.8 80.0 -32.5 66.9 65.8 1.7 49.2 63.3 -22.3

Middle East

Neutral Zone 44.1 70.8 -37.7 0.0 — 50.3 10.2 392.0 48.7 15.3 218.1

Oman 97.8 125.0 -21.7 70.3 39.1 110.3 33.4 229.9 102.9 33.6 206.3

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Iraq 944.8 928.7 1.7 713.3 32.5 1013.3 926.9 9.3 986.5 829.7 18.9

Qatar 31.6 46.8 -32.3 112.4 -71.9 30.6 85.7 -64.3 34.9 84.2 -58.5

Kuwait 194.9 312.8 -37.7 103.6 88.1 223.5 171.6 30.2 235.2 144.3 63.0

S. Arabia 549.8 656.5 -16.3 690.9 -20.4 598.0 723.3 -17.3 597.4 700.0 -14.7

UAE 431.1 403.6 6.8 420.6 2.5 427.4 474.3 -9.9 397.1 415.6 -4.5

Dubai 0.0 64.0 -100.0 16.6 -100.0 12.7 5.4 133.7 13.6 8.2 66.2

TOTAL 2294.1 2608.1 -12.0 2127.8 7.8 2466.1 2430.9 1.4 2416.3 2230.9 8.3

Europe

Italy 7.3 0.0 — 0.0 — 0.8 0.0 — 1.2 0.0 —

North sea 71.4 0.0 — 36.2 97.5 49.1 4.0 1139.2 63.0 5.9 962.2

TOTAL 78.7 0.0 — 36.2 117.7 49.9 4.0 1159.5 64.2 5.9 982.4

CIS

Azerbaijan 32.5 65.3 -50.2 0.0 — 25.7 34.6 -25.7 16.4 33.0 -50.3

Kazakhstan 0.0 61.9 -100.0 0.0 — 73.9 105.1 -29.6 68.9 92.9 -25.8

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Russia 66.7 32.9 102.6 0.0 — 39.3 34.9 12.7 27.7 16.7 65.5

TOTAL 99.3 160.1 -38.0 0.0 — 138.9 174.5 -20.4 113.0 142.6 -20.8

Africa

Nigeria 314.2 267.4 17.5 349.8 -10.2 340.7 286.1 19.1 308.2 282.7 9.0

Angola 98.5 58.1 69.4 128.2 -23.2 87.7 86.1 1.8 87.7 88.8 -1.2

Ivory Coast 0.0 0.0 — 0.0 — 3.8 0.0 — 0.0 0.0 —

Cameroon 0.0 0.0 — 0.0 — 10.8 3.4 213.9 11.0 0.0 —

Congo 33.0 62.5 -47.2 95.1 -65.3 17.5 27.6 -36.3 26.2 41.3 -36.6

Chad 0.0 0.0 — 0.0 — 0.0 10.8 -100.0 0.0 5.5 -100.0

Egypt 105.6 91.4 15.6 64.8 63.0 60.8 55.1 10.4 68.8 57.6 19.5

Gabon 61.4 30.7 100.1 30.2 103.4 34.5 6.8 410.0 51.4 10.1 408.1

Ghana 0.0 31.1 -100.0 0.0 — 10.4 3.5 196.4 15.6 5.3 195.3

Eq Guinea 55.1 0.0 — 54.4 1.4 19.2 19.2 -0.1 21.2 21.3 -0.5

Algeria 32.5 31.3 4.1 0.0 — 14.2 23.3 -39.1 15.9 10.4 52.4

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Libya 0.0 19.7 -100.0 0.0 — 13.3 0.0 — 14.3 0.0 —

TOTAL 700.4 592.2 18.3 722.4 -3.0 621.2 522.0 19.0 620.2 523.0 18.6

CANADA 216.9 0.0 — 36.4 496.3 127.8 29.8 329.1 143.0 41.5 244.7

USA 198.5 419.1 -52.6 189.2 4.9 321.3 223.2 44.0 253.8 220.7 15.0

TOTAL ALL 4139.9 4213.0 -1.7 3480.5 18.9 4131.4 3931.0 5.1 4011.1 3578.8 12.1

NOTE: The total may not tally as numbers in tonnes have been rounded after converting them into barrels per day

using a conversion factor of 7.3 barrels per tonne divided by the number of days.

Numbers for previous months have been revised.

Data also includes some crude parcels that arrived in August but discharged in September. It also includes some

parcels that arrived in September and were discharged in October.

(Reporting by Nidhi Verma; Editing by Subhranshu Sahu and Krishna Chandra Eluri)

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