BAKU, Azerbaijan, Nov.19
By Leman Zeynalova – Trend:
India’s demand growth for petroleum products will accelerate in 2022, Trend reports with reference to the International Energy Agency (IEA).
The country’s demand will rise by 5.2 percent as of 2021, as compared to 7.1 percent in 2022.
The table below shows India’s demand for oil products (thousand barrels per day):
|
Oil products |
2020 |
2021 |
2022 |
|
LPG & Ethane |
869 |
894 |
920 |
|
Naphtha |
318 |
325 |
348 |
|
Motor Gasoline |
667 |
746 |
779 |
|
Jet Fuel & Kerosene |
120 |
131 |
155 |
|
Gas/Diesel Oil |
1 414 |
1 536 |
1 687 |
|
Residual Fuel Oil |
136 |
145 |
155 |
|
Other Products |
1 016 |
1 001 |
1 073 |
“In October, India suffered its highest power shortages in more than five years due to low coal stocks at power plants. Facing a strong increase in international coal prices, power plants cut their imports of coal, driving inventories to very low levels. After the government pressed miners to raise output, coal supplies are increasing, allowing power plants to start rebuilding stocks. As of 5 November, coal inventories at power plants averaged seven days, up from four days mid-October. We estimate that the use of back-up generators is adding roughly 40 kb/d to gasoil demand in 4Q21,” said the IEA.
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