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Refining margins
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Net tone▼ −100% today
Market checkIndian Oil −0.4%
Developing2 storylines
724 Sept
725 Sept
126 Sept
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128 Sept
Market move▼ bearishOil prices rebound after Trump rejects peace deal to resolve Iran conflictBrent crude rose $1.32, or 1.27%, to $105.64 a barrelCrude oilDonald TrumpIran
Market move▲ bullishCrude oil price dips as traders weigh US-Iran Hormuz talks, supply risksWest Texas Intermediate futures traded below $94 a barrelCrude oilStrait of HormuzIran
Market move▲ bullishOil prices fall after Iran asks U.S. to return to failed memorandum of understanding from JuneIran asked the U.S. to meet conditions in the June 17 memorandum of understandingIranCrude oilGeopolitics
Market move▼ bearishReplacing 1 million bpd of Russian oil could cost India up to $3.7 billion annuallyReplacing 1 million bpd of Russian oil could add up to $3.7 billion to India’s annual billRussian oilCrude oilUS tariffs
Policy● mixedItaly to Convene Oil Refiners as it Seeks to Boost Fuels OutputCrude oilOil and gas companiesDiesel
Market move▼ bearishGlobal Market: VLCC rates hit record as Saudi crude flows jumpSaudi crude shipments through the Strait of Hormuz pushed Gulf of Oman ship-to-ship transfers to capacitySaudi ArabiaStrait of HormuzCrude oil
Deal● mixedVietnam refinery signs crude oil deal with ExxonMobil Asia PacificCrude oilFuel pricesRussian oil
Market move● mixedBrent Oil consolidates at $105.91 between key levels: LiveCrude oilFuel pricesBernstein
Market move● mixedOil holds above $100 as markets hope for a possible breakthrough in US-Iran talksIranCrude oilGeopolitics
Policy● mixedUS energy secretary seeks refiners' help amid narrow options to curb diesel priceDieselFuel pricesCrude oil
▼ bearishPuri warns West Asia crisis could escalate; says India does not need refinery investmentOil Minister Hardeep Puri said the West Asia crisis is not over and could escalate furtherMiddle EastCrude oilIndian Oil
Market move▼ bearishOil rises as Iran threat to widen war dims hopes of Strait of Hormuz dealBrent futures rose more than 3% to above $106 a barrel before paring gainsCrude oilIranStrait of Hormuz
Expansion▲ bullishUAE and Saudi Arabia show interest in investing in India’s refining sectorIndia aims to raise refining capacity to **6.2-6.4 million barrels per day** from about 5.4 millionSaudi ArabiaIndian OilFuel prices
Data▼ bearishJio-BP and Nayara cap diesel sales at select pumps as crude prices surgeCrude crossed $117/barrel, while OMC margins were squeezed by ₹9/litreDieselCrude oilFuel prices
Market move▲ bullishOil Price Today (September 24): Crude oil falls to $102 as Iran signals its openness to diplomacy. What are experts saying?Brent fell 94 cents, or 0.9%, to $102.13 a barrel; WTI declined 59 cents, or 0.7%, to $91.56Crude oilIranGeopolitics
Market move▲ bullishOil prices edge lower as Iran says it is open to diplomacy to end the warBrent fell 0.9% to $102.13 after a previous increaseCrude oilIranGeopolitics