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Market move▼ Bearish for Indian equities
Oil prices rise as Chinese refiners reportedly ban October fuel exports; Brent crude back above $100
The brief
- Brent crude moved back above $100
- Chinese refiners reportedly suspended October fuel exports to protect domestic supplies
- Higher crude prices raise costs for Indian oil marketers and fuel-consuming sectors
- RIL Q2 Results: Nuvama sees 17% EBITDA growth, led by O2C biz. Here’s what to expect
- Nuvama bullish on RIL: Predicts 45% upside as ‘golden refining era’ drives Q2 earnings
- Oil Prices Fall Below $100: Brent Holds Three-Month Rally As Flows Recover, But Fuel Shortages Persist
- US fuel supplies hit 12-year low as global refining crisis rages on
- Draft Petroleum Bill Proposes Up To Rs 25 Crore Fine, Jail Time For Unlicensed Operations
Chinese refiners suspend October fuel exports
PetroChina cancelled several gasoline and jet fuel shipments planned for October, as Chinese refiners reportedly suspended fuel exports to protect domestic supplies. Brent crude rose back above $100.
Thursday, 1 October
- Oil prices rise as Chinese refiners reportedly ban October fuel exports; Brent crude back above $100