India’s June oil output falls to lowest in 4 months


India’s June oil output falls to lowest in 4 months

India’s crude oil production in June fell 6.8% from a year earlier to about 2.69 million tonnes, the lowest since February, provisional data issued by the government showed on Monday. Natural gas output was 1.6% lower at 2.64 billion cubic metres during the same period, thedata showed.

Indian refiners processed 20.30 million tonnes of crude oil in June, the lowest since February. Refinery output declined 7.1% compared with the same period last year, the Ministry of Petroleum and Natural Gas said in the release, as many state refiners shut units for maintenance.

Among the key refineries affected by shutdowns in June were Reliance’s 330,000 barrels-per-day (bpd) Jamnagar refinery and Indian Oil Corp’s 120,000 bpd Barauni refinery.

Crude output in May had dipped about 7% from a year earlier to about 2.80 million tonnes. Output has been declining month-on-month since December 2017. Read More

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