{"id":416170,"date":"2021-05-21T09:07:54","date_gmt":"2021-05-21T03:37:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=416170"},"modified":"2021-05-21T10:25:38","modified_gmt":"2021-05-21T04:55:38","slug":"indias-crude-imports-stall-in-april-as-coronavirus-stifles-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-crude-imports-stall-in-april-as-coronavirus-stifles-demand\/","title":{"rendered":"India&#8217;s crude imports stall in April as coronavirus stifles demand"},"content":{"rendered":"<p>(Reuters) &#8211; India&#8217;s crude oil imports in April were little changed from the previous month as a second COVID-19 wave forced several states to impose mobility restrictions, stemming fuel demand and leading to larger stockpiles. <\/p>\n<p>Crude oil imports in April were at 18.26 million tonnes, although on a yearly basis they rose about 10.3%, data on the website of the Petroleum Planning and Analysis Cell (PPAC) showed on Thursday. <\/p>\n<p>&#8220;Refiners were already processing crude at exceptionally high utilisation rates, which might have resulted in high stocks&#8230; Some refiners might have decided to wait before buying at high prices,&#8221; said Refinitiv analyst Ehsan Ul Haq.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; India&#8217;s crude oil imports in April were little changed from the previous month as a second COVID-19 wave forced several states to impose mobility restrictions, stemming fuel demand and leading to larger stockpiles. Crude oil imports in April were at 18.26 million tonnes, although on a yearly basis they rose about 10.3%, data on the website of the Petroleum Planning and Analysis Cell (PPAC) showed on Thursday. &#8220;Refiners were already processing crude at exceptionally high utilisation rates, which might have resulted in high stocks&#8230; Some refiners might have decided to wait before buying at high prices,&#8221; said Refinitiv [&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-416170","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\/416170","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=416170"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416170\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=416170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=416170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=416170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}