Indian Oil uses exports to deal with COVID-19’s domestic demand drop — Panjiva
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Indian Oil uses exports to deal with COVID-19’s domestic demand drop

Coronavirus 511 Energy - Conventional 468 Energy - Refined Oil 203 India 550

The Indian oil refining industry is tackling a coronavirus-linked drop in domestic demand by accelerating exports according to S&P Global Platts. India represented 4.1% of global refined oil exports in 2018, and saw a 57.4% surge in shipments in 2019 compared to a year earlier. The latter was driven by a 7.2x jump in exports to the Netherlands while Singapore and the UAE remained the largest markets for supplies. Indian Oil and Bharat Petroleum have reportedly led the recent growth in exports and represented 18.6% and 6.7% of Indian exports in 2019. The largest exporter with 27.3% of the...

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