{"id":365956,"date":"2020-08-03T10:31:30","date_gmt":"2020-08-03T05:01:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=365956"},"modified":"2020-08-03T11:20:56","modified_gmt":"2020-08-03T05:50:56","slug":"indias-june-crude-oil-imports-lowest-in-over-five-years-exports-also-drop","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-june-crude-oil-imports-lowest-in-over-five-years-exports-also-drop\/","title":{"rendered":"India&#8217;s June crude oil imports lowest in over five years; exports also drop"},"content":{"rendered":"<p>India&#8217;s crude oil imports fell in June to their lowest level since February 2015, while its export of refined products also declined on a year-on-year basis, for the first time in almost a year, government data showed on Friday. <\/p>\n<p>Crude oil imports last month dropped about 19 per cent from a year earlier to 13.68 million tonnes, down for a third straight month, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum &amp; Natural Gas showed. <\/p>\n<p>&#8220;This is likely driven by not yet fully recovered oil demand and expectation that it might take longer to have Indian oil demand rising strongly again,&#8221; said UBS analyst Giovanni Staunovo. <\/p>\n<p>&#8220;Together with higher crude imports at the start of the year, crude tanks are still well filled, reducing the need to import more crude for now.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s crude oil imports fell in June to their lowest level since February 2015, while its export of refined products also declined on a year-on-year basis, for the first time in almost a year, government data showed on Friday. Crude oil imports last month dropped about 19 per cent from a year earlier to 13.68 million tonnes, down for a third straight month, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum &amp; Natural Gas showed. &#8220;This is likely driven by not yet fully recovered oil demand and expectation that it might take longer to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-365956","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=365956"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365956\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}