Oil Freight Costs Surge: What It Means For India’s Refining Margins And Crude Import Bill

RSS excerpt

For Indian refiners, the price of crude is only part of the bill. The cost of getting it onto a ship and across the water has climbed so sharply that it is now eating into refining margins by an estimated $10-15 a barrel, and that is before war-risk insurance is counted on some Gulf routes. The…