CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: India Crude Imports Rise 5.7% y/y to High of 21.8m tons: PPAC

OIL

India’s crude oil imports in May increased by 5.7% year on year to a high of 21.8m tons, according to provisional data from the oil ministry’s Petroleum Planning & Analysis Cell.

  • Diesel exports fell by 9.9% year on year to 2.140m tons but rose from 2.00m tons in Dec.
  • Gasoline exports increased by 2.1% on the year to 1.277m tons and compared to 1.18m tons in Dec.
  • Fuel consumption in India, the world's third-biggest oil importer and consumer, edged higher by 3.2% m/m in May to 20.49m tons (4.84mbpd) but was down from 20.69m tons last year.
  • India is expecting at least 1mb/d of new refinery distillation capacity taking the total to 6.8mb/d or more according to IEA earlier this year. Product exports are set to reach 1.4mb/d by the middle of the decade, then fall to 1.2mb/d by 2030 due to a steady rise in domestic demand.
BulletEnergy BulletsCommodities
BulletEnergy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.