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Oil refiners on the margin amid rising crude prices, muted demand

Indian majors have to balance between rising crude prices, muted demand and heavy central and state levies on retail prices

Topics
Indian oil refiners | Crude Oil Price | Oil industry

Jyoti Mukul  |  New Delhi 



oil, gas, drill, petrol, crude
As the world’s third largest consumer of crude oil, India prefers higher production and the lower prices that come with it

When announced a crude cut on January 5, it took the world of petroleum by surprise and created a degree of frustration for India. Starting February and then March, the Saudi Kingdom will cut production by one million barrels a day, though the overall production levels of OPEC+ ( plus Russia) will be unchanged.

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First Published: Wed, January 27 2021. 06:10 IST

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