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oil imports

News update regarding oil imports

Indian vegetable oil inventories reached 2.1 million tonnes, their highest level in 15 months.

According to the SEA Association, India's vegetable oil reserves are projected to reach 2.1 million tonnes by April 2026, driven by a 32% increase in imports while consumption declines due to the depreciating Rupee and high selling prices.

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Indian oil imports in March 2026: Middle Eastern supply down 61%, Russian oil accounts for 50%.

India's crude oil imports in March 2026 fell by 13%, to 4.5 million barrels per day. Disruptions in the Strait of Hormuz caused the share of Middle Eastern oil to plummet to a record low, forcing...
India's palm oil imports rose 11% to a six-month high.

In February 2026, India recorded palm oil imports of 847,689 tonnes thanks to competitive prices, prompting refineries to increase purchases and adjust their vegetable oil portfolios.

The EU is delaying plans to legislate a ban on oil imports from Russia due to geopolitical uncertainties.

The European Commission has postponed the deadline for submitting a proposal to end imports of Russian oil due to global supply tensions, although it still aims to eliminate them entirely by 2027.
The EU has postponed the ban on oil imports from Russia until 2027 due to geopolitical risks.

The European Commission has postponed a proposal to legislate on a roadmap to phase out Russian oil imports amid Middle Eastern tensions threatening supply, even though import volumes have fallen sharply.
The EU reduced palm oil imports to 1.9 million tons, with Indonesia remaining the leading supplier.

From July 2025 to early March 2026, EU palm oil imports are expected to fall to 1.9 million tonnes amid tighter regulations on biofuels.
China's soybean imports fell 7.8% in the first two months of 2026.

China imported 12.55 million tons of soybeans in the first two months of 2026, down 7.8% due to supply delays from the US and Brazil, but still higher than market expectations.

China's soybean imports in the first two months of 2026 fell 7.8% to 12.55 million tons.
March 13, 2026 06:29

China's soybean imports reached 12.55 million tons in the first two months of 2026, down due to delays in supplies from the US but still higher than initial forecasts.
The government has authorized PVN to directly import and export crude oil to respond to the Middle East conflict.
March 13, 2026 06:01

In order to ensure national energy security amidst geopolitical tensions, the Government has allowed PVN and its member units to proactively buy, sell, and import/export crude oil and raw materials...
China's crude oil imports increased by 15.8% in the first two months of 2026.
March 12, 2026 06:00

China imported 96.93 million tons of crude oil in January and February 2026 thanks to refineries maintaining high capacity and increased stockpiling from Russian supplies.
China increased its crude oil imports by 15.8% in the first two months of 2026.
March 11, 2026 10:31

China's crude oil imports reached 96.93 million tons in the first two months of 2026, a 15.8% increase driven by strong refining demand and increased strategic stockpiling.
India cuts sunflower oil imports by 45.3%, palm oil reaches six-month high.
March 10, 2026 08:03

In February 2026, India's sunflower oil imports plummeted to 146,000 tonnes due to record-high prices. Conversely, palm oil imports surged to 844,000 tonnes thanks to attractive discounts.
India: Sunflower oil imports fell 45.3% in February 2026 due to peak prices.
March 10, 2026 08:02

India's sunflower oil imports plummeted to 146,000 tonnes, while palm oil reached a six-month high thanks to its competitive pricing.
Vietnam imported 2.36 million tons of soybeans in the first 11 months of the year, with a value of nearly 1.1 billion USD.
March 7, 2026 09:04

According to the Customs Department, soybean imports in the first 11 months of 2025 increased by 19.2% in volume and 8% in value, although the average import price decreased by 9.4% compared to the same period in 2024.
Vietnam will spend over $1.21 billion importing soybeans in 2025, an increase of 17.6%.
March 7, 2026 08:03

Data from the Customs Department shows that soybean imports in 2025 reached 2.61 million tons. Despite strong volume growth, the average import price recorded a decrease of 8.4% compared to the previous year.
India significantly increased palm oil imports in January 2026 to a four-month high.
February 12, 2026 18:59

India's palm oil imports reached 766,000 tonnes in January 2026 thanks to its low price advantage, while soybean oil imports fell to their lowest level in 19 months.

oil imports

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