Indian refiners face rising oil premiums amid Middle East tensions
after close1 source ↓written by the desknot a recommendation
- in two weeks
- $10
- per barrel
- $91
Indian refiners are now paying higher premiums for crude oil, diverging from recent global price drops. Brent futures have surged by $10 in two weeks, surpassing $91 per barrel. Tighter supplies from the Gulf and West Africa, coupled with the disappearance of Russian discounts, are driving this shift, forcing refiners to rely on costly spot purchases.
Not investment advice. For informational purposes only.