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2016-08-02 18:45:00

INDIA'S OIL CONSUMPTION UP TO 10.9%

INDIA'S OIL CONSUMPTION UP TO 10.9%

 

INDIA PRODUCTION CONSUMPTION 1990 - 2015

 

INDIA ENERGY OIL DEMAND 2000 - 2040

 

According to ET, oil consumption growth in the current fiscal year will likely exceed 10.9% of the previous year, if the current consumption trend continues, an oil ministry arm has said. A 7.8% jump in the consumption of petroleum products in the country in April-June, compared to 5.2% in the year-ago period, has prompted this prediction from the Petroleum Planning and Analysis Cell (PPAC).

"Typically, April-June is sluggish in performance than the rest of the year. Going by the trend, it's likely petroleum products consumption growth for 2016-17 could be better than that of last year," the PPAC said in its monthly review. A higher fuel consumption signifies faster clip of economic growth for the country, currently growing at 7.6% annually.

In April-June, the biggest consumption growth was recorded in petrol (10%), liquefied petroleum gas (7.8%), fuel oil (22.9%), bitumen (13.9%) and aviation turbine fuel (12.1%). For diesel, the most consumed petrol product in India, it rose 4.7%. Kerosene dived 7.7% following a general shift towards cooking gas and increased power availability.

In June, diesel consumption grew 1.5%, the slowest month-on-month pace since July 2015, mainly because people anticipated favourable prices in May and July and shifted some offtake away from June, according to PPAC.

Domestic prices follow international trends and are revised fortnightly, prompting dealers to temper order sizes on price change anticipation. Higher power availability and good monsoon, that affects road transport and lowers diesel consumption for farm pumps too contributed to lower diesel figures, the PPAC said.

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Earlier: 

INDIA HAS FOUND GAS 

INDIA'S OIL RESERVES 

INDIA'S HIGH GROWTH 

ROSNEFT SOLD VANKOR 

THE BIGGEST ASIA'S LNG TERMINAL

 

 

Tags: INDIA, OIL, CONSUMPTION

Chronicle:

INDIA'S OIL CONSUMPTION UP TO 10.9%
2018, June, 25, 12:05:00

NOVATEK - KOGAS UNDERSTANDING

NOVATEK - According to the MOU, the parties agreed to explore opportunities for KOGAS to enter the Arctic LNG 2 project and possible LNG off-take from the project, participate in the LNG transshipment project in Kamchatka and other infrastructure projects, as well as develop cooperation in LNG trading and logistics optimization, including swap operations.

INDIA'S OIL CONSUMPTION UP TO 10.9%
2018, June, 25, 12:01:00

U.S. RIGS DOWN 7 TO 1,052

BAKER HUGHES A GE - U.S. Rig Count is down 7 rigs from last week to 1,052, with oil rigs down 1 to 862, gas rigs down 6 to 188 and miscellaneous rigs unchanged at 2. Canada Rig Count is up 21 rigs from last week to 160, with oil rigs up 16 to 103 and gas rigs up 5 to 57.

INDIA'S OIL CONSUMPTION UP TO 10.9%
2018, June, 22, 13:40:00

OIL PRICE: NEAR $74 ANEW

REUTERS - Benchmark Brent crude LCOc1 was up $1.05 a barrel at $74.10 by 0925 GMT. U.S. light crude CLc1 was 80 cents higher at $66.34.

INDIA'S OIL CONSUMPTION UP TO 10.9%
2018, June, 22, 13:35:00

ДОБЫЧА НЕФТИ: + 1 МБД

МИНЭНЕРГО РОССИИ - По итогам заседания расширенного мониторингового комитета большинством его участников было рекомендовано рассмотреть на предстоящей министерской встрече ОПЕК и последующей за ней министерской встрече с участием не входящих в ОПЕК стран-экспортеров нефти увеличение добычи на 1 млн барр в сутки (от текущего уровня) с распределением этого объема между участниками соглашения.

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