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Market move▼ Bearish for Indian equities
The latest oil-price shock rippling through the economy is a refining crisis — not a crude crisis
The brief
- The latest oil-price shock is described as a refining crisis, not a crude crisis
- ‘We’re solving the crude dilemma, but we are not solving the product dilemma’
- Refining pressures may weigh on Indian oil marketing and refining companies
- Why the world faces a diesel crunch — and how India is filling the gap
- Oil prices rise as Chinese refiners reportedly ban October fuel exports; Brent crude back above $100
- 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
- Chinese refiners suspend October fuel exports, says report: Which other countries plan curbs amid Iran, Ukraine war
US fuel stocks and refining pressures
US gasoline stockpiles fell to 204 million barrels, their lowest level in 12 years. A subsequent report characterised the oil-price shock as a refining crisis rather than a crude-supply crisis.
Thursday, 1 October
- The latest oil-price shock rippling through the economy is a refining crisis — not a crude crisis