{"id":302807,"date":"2019-11-26T11:20:30","date_gmt":"2019-11-26T05:50:30","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=302807"},"modified":"2019-11-26T11:20:30","modified_gmt":"2019-11-26T05:50:30","slug":"oil-refiners-grms-may-remain-under-pressure-on-higher-capacity","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-refiners-grms-may-remain-under-pressure-on-higher-capacity\/","title":{"rendered":"Oil refiners\u2019 GRMs may remain under pressure on higher capacity"},"content":{"rendered":"<p>Mumbai: Higher than anticipated addition of capacity in 2019 may keep gross refining margins (GRM) of crude oil refiners suppressed for a few more months, said analysts. Against an incremental demand of 0.8mbpd (million barrel per day) an estimated 2.6mbpd of refining capacity came online in 2019.<\/p>\n<p>GRM is what a refiner makes from turning every barrel of crude to fuel.<\/p>\n<p>&#8220;In the absence of global recovery, we anticipate that GRMs would remain suppressed for a few more months in lieu of incremental refining capacity addition,&#8221; said Motilal Oswal in a report today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Higher than anticipated addition of capacity in 2019 may keep gross refining margins (GRM) of crude oil refiners suppressed for a few more months, said analysts. Against an incremental demand of 0.8mbpd (million barrel per day) an estimated 2.6mbpd of refining capacity came online in 2019. GRM is what a refiner makes from turning every barrel of crude to fuel. &#8220;In the absence of global recovery, we anticipate that GRMs would remain suppressed for a few more months in lieu of incremental refining capacity addition,&#8221; said Motilal Oswal in a report today.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-302807","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/302807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=302807"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/302807\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=302807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=302807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=302807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}