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According to foreign news on September 22, government data released on Wednesday showed that Indian refiners' crude oil processing volume in August fell to the lowest level in 10 months due to the shutdown of multiple refineries for maintenance
.
The crude oil processing capacity of Indian refineries in August was 4.
36 million barrels/day (18.
44 million tons), the lowest since October 2020, and a decrease of about 4.
8% from the July processing capacity of 4.
58 million barrels/day
.
An analyst said that overhaul work at some facilities limited production in August
.
He added that as the holiday season approaches, demand is expected to recover
.
However, on a year-on-year basis, the refinery's August crude oil processing volume jumped by about 14.
2%, while crude oil production fell by about 2.
3% to 596 thousand barrels per day (2.
52 million tons)
.
According to government data, the average capacity utilization rate of Indian refineries in August was 86.
89%, which was lower than the 91.
34% in July
.
Data show that India’s largest refinery, Indian Petroleum Corporation (IOC), operated its directly-owned plant with 82.
83% of its production capacity last month
.
Data show that natural gas production jumped 20.
2% from the same period last year to 2.
92 billion cubic meters
.
Analysts said, "At a time when the world is complaining about high natural gas prices, natural gas data may provide some cold relief, which may stimulate more fuel production
.
"
In the past few weeks, LNG prices in Europe and Asia have soared.
, Which pushed up energy bills and raised concerns about energy shortages in the coming winter
.
.
The crude oil processing capacity of Indian refineries in August was 4.
36 million barrels/day (18.
44 million tons), the lowest since October 2020, and a decrease of about 4.
8% from the July processing capacity of 4.
58 million barrels/day
.
An analyst said that overhaul work at some facilities limited production in August
.
He added that as the holiday season approaches, demand is expected to recover
.
However, on a year-on-year basis, the refinery's August crude oil processing volume jumped by about 14.
2%, while crude oil production fell by about 2.
3% to 596 thousand barrels per day (2.
52 million tons)
.
According to government data, the average capacity utilization rate of Indian refineries in August was 86.
89%, which was lower than the 91.
34% in July
.
Data show that India’s largest refinery, Indian Petroleum Corporation (IOC), operated its directly-owned plant with 82.
83% of its production capacity last month
.
Data show that natural gas production jumped 20.
2% from the same period last year to 2.
92 billion cubic meters
.
Analysts said, "At a time when the world is complaining about high natural gas prices, natural gas data may provide some cold relief, which may stimulate more fuel production
.
"
In the past few weeks, LNG prices in Europe and Asia have soared.
, Which pushed up energy bills and raised concerns about energy shortages in the coming winter
.
