Jan 17, 2017 at 16:12 | Source: Reuters
The higher Asian refining margins have beat back concerns that profits would fall as crude oil prices gained as the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers began to implement their agreed production cuts from January to reduce global oversupply.
Jun 16, 2016 at 15:25 | Source: Reuters
India is a net exporter of diesel - which accounts for about 40 percent of its oil demand - but a jump in imports by state refiners since April helped erode an Asian surplus of the fuel, lifting its regional profit margins to the highest for the year so far at the end of May.
Feb 25, 2016 at 11:18 | Source: PTI
Prices rose the previous day as traders looked past an increase in US commercial crude inventories to a record high to a fall in stocks of refined products like gasoline.
Jan 15, 2016 at 18:40 | Source: Reuters
In 2015, India imported 787,700 barrels per day (bpd) of African oil with the continent accounting for about a fifth of the South Asian nation's overall imports from 16.7 percent a year ago, according to data compiled by Reuters
Dec 10, 2015 at 07:48 | Source: CNBC
US WTI and Brent crude oil prices are trading around seven-year lows, tanking after OPEC last week decided not to cut its 30-million-barrel a day production ceiling to support depressed energy prices.
Oct 10, 2015 at 17:53 | Source: Moneycontrol.com
According to Fitch Ratings, the improved APAC refining margins in 1H15 are not likely to be sustainable, as evident from the correction in 3Q industry gross refining margins (GRM). The rating agency believes that, the industry environment will be challenging with volatile crude-oil prices.
Aug 19, 2015 at 16:51 | Source: Reuters
India has surplus refining capacity, but there has been maintenance at some plants and petrol demand has risen after a cut in diesel subsidies increased the attractiveness of petrol cars.
May 20, 2015 at 13:11 | Source: Reuters
Less complex and older refineries in Asia, however, might be forced to cut run rates or shut, industry executives said at an energy conference.
Apr 26, 2015 at 22:02 | Source: Reuters
Output from the USD 5.2 billion Paradip refinery will compete with rising supplies of fuels from new and expanded plants in the Middle East and China, putting pressure on the profit margins of Asian refiners.
Oct 27, 2014 at 08:27 | Source: Reuters
Forecasts that crude prices will remain weaker-than-expected into next year have also raised the specter of big write-downs on crude and product inventories on year-end earnings reports.