India

  • India oil data – Jan 2016

    India oil data – Jan 2016 cover image Published 22 Feb 2016 by
    Indian oil demand stayed near record highs at 3.95 mb/d in January, higher y/y by a huge 0.45 mb/d, continuing with the momentum seen in 2015. The strength was broad-based. Gasoline demand was unchanged m/m at 0.5 mb/d, with y/y growth at 11.4%, supported by strong car sales and the growing size..

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  • India oil data - Dec 2015

    India oil data - Dec 2015 cover image Published 20 Jan 2016 by
    Indian oil demand rose to a record high of 3.99 mb/d in December, higher y/y by 0.31 mb/d. Across 2015, Indian oil demand averaged 3.79 mb/d, with growth at a record 0.30 mb/d (8.5%). The strength in December was broad-based, and was spread across the barrel. Diesel demand rose counter-seasonally..

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  • India oil data – Nov 2015

    India oil data – Nov 2015 cover image Published 21 Dec 2015 by
    Indian oil demand picked up marginally in November to the third highest level on record of 3.85 mb/d, but y/y growth slowed from the record 0.5-0.6 mb/d across September and October to 0.23 mb/d, as expected, as the recent structural pick-up in demand commenced last November. 2016 demand growth s..

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  • India oil data – Oct 2015

    India oil data – Oct 2015 cover image Published 20 Nov 2015 by
    Indian oil demand stayed elevated in October at 3.83 mb/d, higher y/y by a record 0.57 mb/d, given the usual seasonal buying ahead of Indian festivities and another low base last year. This base effect diminishes from November, however. The improvement in construction is visible in diesel demand,..

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  • India oil data – Sep 2015

    India oil data – Sep 2015 cover image Published 19 Oct 2015 by
    Indian oil demand rose strongly to 3.82 mb/d in September, with y/y growth at a record 0.5 mb/d, led by diesel, gasoline and naphtha. October is likely to see similar demand strength, given the usual seasonal buying ahead of Indian festivities and another low base last year. Diesel led the y/y gr..

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  • India oil data – Aug 2015

    India oil data – Aug 2015 cover image Published 21 Sep 2015 by
    Indian oil demand fell seasonally to 3.47 mb/d in August but y/y growth climbed to an impressive 0.23 mb/d led by diesel, gasoline and naphtha as the heavy monsoon rains of June and July tapered off in August, leading state meteorologists to suggest that the country may end the season with up to..

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  • India oil data - July 2015

    India oil data - July 2015 cover image Published 21 Aug 2015 by
    Indian oil demand eased seasonally to 3.53 mb/d in July, but y/y growth picked up to nearly 0.19 mb/d (5.5%), in line with 2015's average y/y growth of 0.19 mb/d. With car sales continuing on a robust path, light ends demand remains the mainstay for Indian demand growth. Gasoline demand increased..

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  • India oil data – June 2015

    India oil data – June 2015 cover image Published 20 Jul 2015 by
    Indian oil demand eased seasonally to 3.75 mb/d in June, higher y/y by 0.1 mb/d (2.8%), taking Q2 15's average y/y growth to 0.19 mb/d. While growth slowed in June, it was largely weather-related. Following the heatwave in May, torrential rains in June hurt agricultural activity, and even miles d..

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  • India oil data – May 2015

    India oil data – May 2015 cover image Published 22 Jun 2015 by
    Indian oil demand was broadly unchanged m/m in May at 3.79 mb/d, higher y/y by 0.11 mb/d (2.9%). Across Q2-to-date, demand is running higher by 0.21 mb/d (5.8%) and continues to be supported by light ends. Indeed, naphtha, gasoline and LPG rose collectively by 0.13 mb/d in May. Gasoline demand re..

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  • India oil data – April 2015

    India oil data – April 2015 cover image Published 21 May 2015 by
    Indian oil demand surged in April to just under 3.8 mb/d, the highest April reading on record, with y/y demand back above 0.3 mb/d (8.7%). March's demand slowdown proved to be a one-off as expected, due to rains weighing on diesel demand usage in the agricultural sector. In the year-to-date, Indi..

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  • India oil data – March 2015

    India oil data – March 2015 cover image Published 21 Apr 2015 by
    Indian oil demand remained strong at 3.64 mb/d in March, despite easing m/m from record levels of 3.92 mb/d in February. However, with a high base leading up to the general elections last year when significant restocking took place, the y/y comparisons are getting harder. In March, y/y growth slo..

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  • India oil data – February 2015

    India oil data – February 2015 cover image Published 19 Mar 2015 by
    Indian oil demand continues to surprise significantly to the upside since December 2014, with February data showing a massive jump to a record 3.91 mb/d, higher y/y by 0.34 mb/d (9.4%), the second strongest y/y growth ever. Gasoline demand soared to a record high of nearly 0.5 mb/d, higher y/y by..

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  • India oil data – January 2014

    India oil data – January 2014 cover image Published 20 Feb 2015 by
    Indian oil demand, while easing seasonally in January, registered strong y/y growth of 95 thousand b/d (2.8%) to come in at 3.49 mb/d, led by gasoline and diesel demand. Gasoline demand was unchanged m/m at the fourth highest level on record of 0.45 mb/d, defying the usual seasonal m/m fall in Ja..

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  • India oil data – December 2014

    India oil data – December 2014 cover image Published 21 Jan 2015 by
    Indian oil demand rose counter-seasonally in December to 3.63 mb/d, higher y/y by 0.21 mb/d (6.2%), supported yet again by LPG and gasoline demand, but also due to unexpectedly cold weather, with temperatures in the north dropping to their lowest in five years. An improving economy and lower oil..

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  • India oil data – November 2014

    India oil data – November 2014 cover image Published 22 Dec 2014 by
    Indian oil demand soared m/m in November by 0.3 mb/d to 3.61 mb/d, the third highest level on record and higher y/y by 0.16 mb/d (4.8%). The increase comes as the one-off negative effects of cyclone Hudhud in October faded and a robust macroeconomic backdrop supported. The rise was led by LPG, wh..

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