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Crude processing in May recovers, up 7.3% from April to 3.87 million bpd

Compared to last year, Indian refiners' crude processing however tumbled by 24.2 per cent in May to 16.35 million tonnes

crude oil
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Crude oil production fell 7.1 per cent in May from a year earlier to 2.60 million tonnes, or 615,300 bpd, its biggest decline in five months

Reuters New Delhi
Indian crude oil processing gathered momentum in May, rising by some 7.3 per cent from April to around 3.87 million barrels per day (bpd) as an easing of restrictions on transport and industrial activity boosted fuel demand.
Compared to last year, Indian refiners' crude processing however tumbled by 24.2 per cent in May to 16.35 million tonnes, the data showed.
Fuel consumption, a proxy for oil demand in the world's third biggest oil consuming nation, totalled 14.65 million tonnes in May, 47.4 per cent higher than in April.
As a result, Indian refiners are already scaling up crude processing like their Asian peers.

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First Published: Jun 23 2020 | 10:52 AM IST

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