{"id":509060,"date":"2022-07-27T09:40:10","date_gmt":"2022-07-27T04:10:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=509060"},"modified":"2022-07-27T10:41:31","modified_gmt":"2022-07-27T05:11:31","slug":"indias-june-crude-oil-imports-up-21-on-demand-recovery-russian-discounts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-june-crude-oil-imports-up-21-on-demand-recovery-russian-discounts\/","title":{"rendered":"India&#8217;s June crude oil imports up 21% on demand recovery, Russian discounts"},"content":{"rendered":"<p>(Reuters) -India&#8217;s crude oil imports in June rose nearly 21% from the same month last year, helped by a steady increase in consumption, while refiners continued to bring in discounted Russian fuel to manage elevated global energy prices, government data showed on Tuesday.<\/p>\n<p>&#8220;It&#8217;s impossible to ignore the base effects of last year&#8217;s (coronavirus-related) restrictions and the impact that has on demand,&#8221; said OANDA analyst Craig Erlam, adding that the world economy had roared back to life since.<\/p>\n<p>But he cautioned that though impressive, the annual data should be taken with a pinch of salt.<\/p>\n<p>Fuel consumption in the world&#8217;s third-biggest oil consumer also increased in June, and seemed to be heading back towards pre-pandemic levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -India&#8217;s crude oil imports in June rose nearly 21% from the same month last year, helped by a steady increase in consumption, while refiners continued to bring in discounted Russian fuel to manage elevated global energy prices, government data showed on Tuesday. &#8220;It&#8217;s impossible to ignore the base effects of last year&#8217;s (coronavirus-related) restrictions and the impact that has on demand,&#8221; said OANDA analyst Craig Erlam, adding that the world economy had roared back to life since. But he cautioned that though impressive, the annual data should be taken with a pinch of salt. Fuel consumption in the world&#8217;s [&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-509060","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\/509060","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=509060"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/509060\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=509060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=509060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=509060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}