{"id":366025,"date":"2020-08-03T11:25:51","date_gmt":"2020-08-03T05:55:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=366025"},"modified":"2020-08-03T13:14:42","modified_gmt":"2020-08-03T07:44:42","slug":"indias-june-crude-oil-imports-slip-to-lowest-levels-in-over-five-years-exports-dip-too","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-june-crude-oil-imports-slip-to-lowest-levels-in-over-five-years-exports-dip-too\/","title":{"rendered":"India&#8217;s June crude oil imports slip to lowest levels in over five years, exports dip too"},"content":{"rendered":"<p>India\u2019s crude oil imports fell in June to their lowest level since February 2015, while year-on-year refined product exports declined for the first time in almost a year, government data showed on Friday.<\/p>\n<p>Crude oil imports last month dropped about 19% 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>\u201cThis 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,\u201d said UBS analyst Giovanni Staunovo.<\/p>\n<p>\u201cTogether 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.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s crude oil imports fell in June to their lowest level since February 2015, while year-on-year refined product exports declined for the first time in almost a year, government data showed on Friday. Crude oil imports last month dropped about 19% 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. \u201cThis 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,\u201d said [&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":[130,191,136],"tags":[],"class_list":["post-366025","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366025","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=366025"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366025\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=366025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=366025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=366025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}