Composite margins on petrol and diesel sales at state-run refiners are now above pre-conflict levels as crude oil prices ease following the US-Iran memorandum.
Tag: refiners
China’s Independent Oil Refiners Slash Processing Runs to Nine-Year Low
Smaller Chinese refiners are cutting output dramatically amid compressed margins and lower crude demand, signalling stress in Asia’s oil market.
Indian Refiners Raise Crude Imports From West Africa and Latin America to Offset Iran Disruption
Refiners increased purchases from Venezuela Brazil Angola and Nigeria to compensate for reduced availability from traditional Middle East suppliers.
India Increases Oil Imports From Venezuela Brazil Angola and Nigeria to Offset Shortfalls
Indian refiners diversified crude sources in April and May to compensate for supply disruptions linked to the Iran war.