{"id":347926,"date":"2020-04-23T10:31:07","date_gmt":"2020-04-23T05:01:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=347926"},"modified":"2020-04-23T10:39:45","modified_gmt":"2020-04-23T05:09:45","slug":"oil-price-crash-may-not-benefit-india-due-to-falling-demand-and-full-tanks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-price-crash-may-not-benefit-india-due-to-falling-demand-and-full-tanks\/","title":{"rendered":"Oil price crash may not benefit India due to falling demand and full tanks"},"content":{"rendered":"<p>Monday\u2019s crude oil price collapse may not have much impact on Indian refiners or on pump prices at least till June but could spoil the prospects of oil giants such as Saudi Aramco pouring billions to buy stakes in local refineries such as Reliance Industries Ltd, Bharat Petroleum Corporation or the planned mega refinery in Maharashtra. <\/p>\n<p>\u201cIn India, it doesn\u2019t have much impact simply because we are not going to buy much of crude, all our tanks are full throughout the country,\u201d said the director refinery of a state-run oil refining company. <\/p>\n<p>\u2018So, immediately in May\/June, we don\u2019t see any impact. The price crash will have an impact if we buy the crude and bring it to India,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Monday\u2019s crude oil price collapse may not have much impact on Indian refiners or on pump prices at least till June but could spoil the prospects of oil giants such as Saudi Aramco pouring billions to buy stakes in local refineries such as Reliance Industries Ltd, Bharat Petroleum Corporation or the planned mega refinery in Maharashtra. \u201cIn India, it doesn\u2019t have much impact simply because we are not going to buy much of crude, all our tanks are full throughout the country,\u201d said the director refinery of a state-run oil refining company. \u2018So, immediately in May\/June, we don\u2019t see any [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-347926","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347926","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=347926"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347926\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=347926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=347926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=347926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}