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REFINERY NEWS ROUNDUP: India s gasoline use rises, falls elsewhere in Asia-Pacific

REFINERY NEWS ROUNDUP: India’s gasoline use rises, falls elsewhere in Asia-Pacific India’s consumption of gasoline in June saw the highest month-on-month increase in a year as a decline in COVID-19 cases and the easing of lockdown measures boosted driving activity. Some states, such as the western state of Maharashtra, eased restrictions early June. Indian gasoline demand totaled 2.41 million mt in June, up 21% from May, data from the Petroleum Planning and Analysis Cell showed. In May, gasoline demand hit a one-year low. However, a new wave of coronavirus infections in Indonesia has dented the demand outlook for Asian gasoline, with participants anticipating a further decline in import demand as driving activity slows. The country, moreover, has already expanded its strict lockdown measures, with Bali, Java and the heavily populated cities in Sumatra having been placed under a lockdown since early July.

Indian Oil Corp buys its first Guyanese oil, says source - The Hindu BusinessLine

Indian Oil Corp buys its first Guyanese oil, says source Reuters New Delhi | Updated on July 01, 2021 FILE PHOTO: An Indian Oil tanker driver waits outside a fuel depot in Mumbai   -  REUTERS FILE PHOTO: An Indian Oil tanker driver waits outside a fuel depot in Mumbai   -  REUTERS× The 1 million-barrel cargo will set sail around July 4 on Greece-flagged tanker Militos for India Indian Oil Corp, the country’s top refiner, has made its first purchase of Guyana’s Liza light sweet crude as it seeks to diversify its crude purchases, a source familiar with matter said. The 1 million-barrel cargo will set sail around July 4 on Greece-flagged tanker Militos for India’s Paradip port, where it is set to arrive around August 8, according to Refinitiv data.

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