Daily Energy Report
India’s crude imports, Russian seaborne diesel, Russia/Ukraine gas transit, Nuclear power for data centers, Russia’s ‘Dark Fleet’ (again), UK power, Green hydrogen delay, and more.
Chart of the Day: India’s Crude Oil Imports were Declining. What does that Mean?
Summary
Figure )1) shows trends in India’s crude oil imports since the beginning of 2014. In general, crude oil imports have been increasing, but as we have been discussing for months, growth in oil demand in 2024 has been lower than expected. The source of oil imports has changed drastically in recent years. Below are the most important takeaways from the crude import data.