FACTS: India's crude demand, product exports on the rise

India has experienced a sharp upward trend in 2004 both in its refined products consumption and in refinery runs, leading to a consequent surge in products exports, reports FACTS Inc. analyst Hassaan Vahidy in the Honolulu-based company's fall 2004 preliminary forecast of India's demand, supply, and trade in refined products and crude oil markets."After 3 years of virtually zero growth, oil products consumption is projected to increase by some 140,000 b/d in 2004," Vahidy reported. FACTS Inc. estimates that India will refine 160,000 b/d more crude oil in 2004 than the 2.47 million b/d refined in 2003, and it will export a total of 400,000 b/d of refined products, compared with 300...

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