Expansion● Neutral for Indian equities
Global refining capacity is becoming a key factor in fuel-market security
The brief
- Global refining capacity is set to expand significantly over the next five years
- New projects are concentrated in Asia and Africa, potentially altering fuel-market security
- Capacity shifts may affect Indian refiners’ competition and fuel-market conditions
- Bulk diesel price up Rs 14.6/litre as crude surge squeezes oil cos' margins
- Diesel boom lifts Reliance and Nayara, leaves state-run OMCs bleeding
- The latest oil-price shock rippling through the economy is a refining crisis — not a crude crisis
- Oil prices rise as Chinese refiners reportedly ban October fuel exports; Brent crude back above $100
- Chinese refiners suspend October fuel exports, says report: Which other countries plan curbs amid Iran, Ukraine war