{"id":500843,"date":"2022-06-27T09:56:43","date_gmt":"2022-06-27T04:26:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=500843"},"modified":"2022-06-27T10:11:20","modified_gmt":"2022-06-27T04:41:20","slug":"refiners-en-route-to-seize-most-gains-from-war-fallout","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/refiners-en-route-to-seize-most-gains-from-war-fallout\/","title":{"rendered":"Refiners en route to seize most gains from war fallout"},"content":{"rendered":"<p>Despite the recent correction, crude oil prices still remain roughly 41% higher from pre-war levels.<\/p>\n<p>As a result, prices of petrol and diesel have recorded a sharp climb in India, helping domestic refiners clock significant rise in their gross refining margins (GRM).<\/p>\n<p>This is evident from the Singapore benchmark GRM, which is a gauge of regional refining margins. <\/p>\n<p>Speaking to Business Standard, Nitin Tiwari, Executive Vice-President, YES Securities says Singapore GRMs currently over $20\/bbl. Yypical levels have been $6-7\/bbl on average. He says, rise in Singapore benchmark benefitting refiners and OMCs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite the recent correction, crude oil prices still remain roughly 41% higher from pre-war levels. As a result, prices of petrol and diesel have recorded a sharp climb in India, helping domestic refiners clock significant rise in their gross refining margins (GRM). This is evident from the Singapore benchmark GRM, which is a gauge of regional refining margins. Speaking to Business Standard, Nitin Tiwari, Executive Vice-President, YES Securities says Singapore GRMs currently over $20\/bbl. Yypical levels have been $6-7\/bbl on average. He says, rise in Singapore benchmark benefitting refiners and OMCs.<\/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":[135,130,169],"tags":[],"class_list":["post-500843","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/500843","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=500843"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/500843\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=500843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=500843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=500843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}