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NEW DELHI (Reuters) - OPEC’s share of India’s oil imports fell to the lowest in at least two decades in the year to the end of March as overall purchases by Asia’s third largest economy fell to a six-year low, data obtained from industry and trade sources showed.
FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina/File Photo
Total crude imports by the world’s third-biggest oil importer fell to 3.97 million barrels per day (bpd) in the 2021 fiscal year to March 31, down 11.8% from a year earlier, the data showed.
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MOSCOW, May 2 (Reuters) - Russian oil and gas condensate output rose 2% to 10.46 million barrels per day (bpd) in April, from 10.25 million bpd in March, according to Reuters calculations based on an Interfax report on Sunday citing energy ministry data.
Under a deal agreed by the OPEC+ group of leading oil producers in March, Russia’s production quota was allowed to increase by 130,000 bpd from April 1 to 9.379 million bpd, excluding the output of gas condensate, a light oil.
Russia’s oil and gas condensate production totalled 42.81 million tonnes in April, in comparison with 43.34 million tonnes in March, which was a day longer, the news agency reported.
By Reuters Staff
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BEIJING (Reuters) - China’s crude oil imports from top supplier Saudi Arabia rose 8.8% in March from a year earlier, driven by strong demand and as shipments delayed due to a port congestion finally arrived.
FILE PHOTO: Oil tankers are seen at a terminal of Sinopec Yaogang oil depot in Nantong, Jiangsu province, China June 11, 2019. Picture taken June 11, 2019. REUTERS/Stringer /File Photo
Imports from the United Arab Emirates also rose again, up 86%, as some Iranian barrels were believed to have slipped in.
Shipments from Saudi Arabia were 7.84 million tonnes, equivalent to 1.85 million barrels per day (bpd), data issued by China’s General Administration of Customs showed on Tuesday.
Average daily output at 3.03 mln T Jan-March output up 15.6% from same period year earlier
BEIJING, April 16 (Reuters) - China’s crude steel output jumped 19% in March from the same month a year earlier, official data showed on Friday, as steelmakers beefed up production on high profit margins even as environmental restrictions kicked in.
The world’s biggest steel producer churned out 94.02 million tonnes of crude steel last month, the highest since August 2020, data from the National Bureau of Statistics (NBS) showed. That compared with 78.98 million tonnes in March 2020.
Average daily output last month increased to 3 million tonnes from a daily average of 2.97 million tonnes in January-February period, according to Reuters calculations based on the NBS data.