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"We have seen very strong demand coming out of India the past year, in a way similar to many of the other Asian countries. The trajectory is strong and we are expecting it to continue. And in fact, if you are looking at our oil demand projections, India and China are the main leaders of growth, whereas we are expecting a bit more of an economic downturn in the West." ....
Due to lower Brent prices and unchanged retail fuel prices in Q1, the implied marketing gross margin (GMM) for OMCs had improved to Rs 8.8 per litre from Rs 3.1 per litre in the previous quarter. ....
OPEC+’s surprise oil-production cut sent shock waves through financial markets and pushed crude prices up by the most in a year. Now that the dust has started… ....