*India’s refineries are running at record levels. Throughputs were 23.78mn tons (5.62mn b/d) for January, fractionally down on December’s all time high of 5.64mn b/d. January’s products output figure of 24.93mn tons was also the second highest ever behind December’s 25.24mn tons according to official petroleum ministry statistics.
*With oil demand having hit an all-time high of 5.44mn b/d in November, all three indicators hit annual records for 2024, as did crude imports which were up 2% at 4.85mn b/d with top supplier Russia up 7% at a record 1.75mn b/d (see chart & MEES, 28 February). (CONTINUED - 308 WORDS)
