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Looking ahead: Crude at $100 but Indian refineries will continue to have a golden run
Jul 17: If President Trump decides to squeeze the Iranians further than his predecessor Barak Obama did, oil prices could hit $100/bbl sooner than later
8These might bring back price controls on Indian refineries
8But if somehow price controls can be avoided, a golden run is ahead for Indian refineries.
8Indian refineries, led by RIL have a complex make-up and complex GRM are set to rise by $4/bbl once low sulphur regulations come in for the international shipping industry by 2020.
8Eventually however, Indian refining capacity will fall short of demand, even assuming all fresh capacities now planned are set up
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