State Oil Refiners See Strong Margins For 2018

State Oil Refiners See Strong Margins For 2018

State refiners expect their profit margins to hold their strength this year as demand growth accelerates for fuel products amid a record $93 billion spent on infrastructure and stable crude oil prices, company executives and analysts said.

India’s Monthly Oil Import Bill Growth At A Year-high

India’s Monthly Oil Import Bill Growth At A Year-high

The recent massive rise in global crude oil prices has now started inflating the oil import bill for India that meets 80 per cent of its crude requirement through inbound shipments. January’s oil import cost ballooned by a whopping 46 per cent to land at $9.6 billion as against $6.6 billion in the same month last year — the highest monthly increase in the past year.

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