Tag: refiners
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India’s RBI asks state oil refiners to curb spot dollar buying, sources say
India’s central bank has urged state-run oil refiners to curb spot dollar purchases and tap a special credit line for their foreign exchange needs,...
Standalone refiners Chennai Petro, MRPL under pressure as OMCs sell fuel below cost
India's standalone refiners are witnessing pressure after oil marketing companies (OMCs) lowered refined product prices, effectively deviating from the deregulated pricing framework.In a bid...
Indian refiners can purchase Russian oil as part of 30-day waiver from Trump administration
Indian refiners can now purchase Russian oil as part of a 30-day waiver announced by the Trump administration.US Treasury Secretary Scott Bessent wrote on...
Indian refiners are buying both sanctioned and non-sanctioned Russian oil following US waiver
On Friday, US Treasury Secretary Scott Bessent said Washington would allow a 30-day waiver for Indian refiners to purchase Russian oil stranded at sea,...
Sanctions rhetoric vs market reality: Why oil prices may stay soft and Indian refiners could still gain
Despite intensifying geopolitical rhetoric from Washington—ranging from proposed 500% tariffs on buyers of Russian oil to tighter surveillance of “ghost fleet” tankers—global oil markets...
