Crude oil processed by&nbsp;Indian refiners hit the highest in six months in September, in another sign that demand for fuel is recovering from the blow to economic activity and transportation from coronavirus restrictions.

Crude oil throughput in September rose 13.4 per cent&nbsp;from the previous month to 4.33 million barrels per day (17.71 million tonnes).

This was the highest since the onset of the country's coronavirus restrictions in March when refiners processed 5.01 million bpd of crude oil.

Fuel demand also rose for the first time since June last month, data showed earlier.

October gasoil sales rose for the first time since March, preliminary data showed, signalling a pick-up in industrial activity ahead of key festivals.

"There have been some promising signs of recovery in&nbsp;India, which in recent years has been the second demand engine after China," said UBS analyst Giovanni Staunovo.

"Despite the rising number of COVID-19 cases in the country, the removal of mobility restrictions has supported oil demand."

India&nbsp;has reported a downward trend in coronavirus infections since hitting a single-day high of 97,894 new cases on Sept. 17, although it still remains the world's second worst-affected country.

Having posted its biggest drop since at least 2003 in April, crude processing has recovered about 20 per cent in September, although it still remains 8.7 per cent lower compared to the same month a year ago, government data showed on Friday.

Indian refiners operated at about 86.22&nbsp;per cent&nbsp;of their overall capacity in September compared to 76.10&nbsp;per cent&nbsp;in August, data showed. This was the highest refinery utilization rate since March.

Indian refiners operated at about 86&nbsp;per cent&nbsp;of their overall capacity in September, the most since March.

Top refiner&nbsp;Indian Oil Corp (IOC) operated its directly owned plants at 81% capacity, the data showed.

Reliance, owner of the world's biggest refining complex, operated its plants at 89.37&nbsp;per cent&nbsp;capacity.

Crude oil production fell by 6&nbsp;per cent&nbsp;from a year earlier to 2.49 million tonnes (608,000 bpd), the monthly report showed.

Crude oil processed by Indian refiners hit the highest in six months in September, in another sign that demand for fuel is recovering from the blow to economic activity and transportation from coronavirus restrictions.

Crude oil processed by Indian refiners hit the highest in six months in September, in another sign that demand for fuel is recovering from the blow to economic activity and transportation from coronavirus restrictions. Crude oil throughput in September rose 13.4 per cent from the previous month to 4.33 million barrels per day (17.71 million tonnes). This was the highest since the onset of the country's coronavirus restrictions in March when refiners processed 5.01 million bpd of crude oil. Fuel demand also rose for the first time since June last month, data showed earlier. October gasoil sales rose for the first time since March, preliminary data showed, signalling a pick-up in industrial activity ahead of key festivals. "There have been some promising signs of recovery in India, which in recent years has been the second demand engine after China," said UBS analyst Giovanni Staunovo. "Despite the rising number of COVID-19 cases in the country, the removal of mobility restrictions has supported oil demand." India has reported a downward trend in coronavirus infections since hitting a single-day high of 97,894 new cases on Sept. 17, although it still remains the world's second worst-affected country. Having posted its biggest drop since at least 2003 in April, crude processing has recovered about 20 per cent in September, although it still remains 8.7 per cent lower compared to the same month a year ago, government data showed on Friday. Indian refiners operated at about 86.22 per cent of their overall capacity in September compared to 76.10 per cent in August, data showed. This was the highest refinery utilization rate since March. Indian refiners operated at about 86 per cent of their overall capacity in September, the most since March. Top refiner Indian Oil Corp (IOC) operated its directly owned plants at 81% capacity, the data showed. Reliance, owner of the world's biggest refining complex, operated its plants at 89.37 per cent capacity. Crude oil production fell by 6 per cent from a year earlier to 2.49 million tonnes (608,000 bpd), the monthly report showed.

India's refinery processing limps to six-month peak

Union Minister of Petroleum, Dharmendra Pradhan on Monday said, top executives of Aramco have been contacted to ensure a steady supply to India, after an attack on Saudi Arabia's crude oil facilities over the weekend. "Following the attacks on the oil stabilisation centres of Saudi Aramco, top executives of Aramco have been contacted. Indian ambassador in Riyadh contacted the senior management of Aramco to ensure a steady supply to India," Pradhan said in a press conference. "We are confident there would be no supply disruption to India. We are closely monitoring the evolving situation," Pradhan added.

Aramco to India: No shortage in oil supplies | WION Dispatch

The recent drone attacks on two Saudi oil facilities have affected the production of 5.7 million barrels of crude oil per day, the state-owned oil giant announced on Saturday. Watch this video to know more.

Saudi Drone Attacks: How will the oil cut impact the world?

Saudi's Aramco has assured India that Indian refiners won't face shortage of supplies. Watch this video to know more.

Aramco to India: Indian refiners won't face shortage of supplies

indian-refiners

Indian Refiners, News on Indian Refiners, stories on Indian Refiners, articles on Indian Refiners, Indian Refiners stories at Wion, Indian Refiners news, Indian Refiners latest news

indian refiners

India's refinery processing limps to six-month peak

Aramco to India: No shortage in oil supplies | WION Dispatch

Saudi Drone Attacks: How will the oil cut impact the world?

Aramco to India: Indian refiners won't face shortage of supplies