India will keep exporting diesel to help meet global demand and ease the fuel crunch, Oil Minister Hardeep Puri said. “We honor our commitments,” the minister said at an industry event in New Delhi, noting that India’s refining capacity continues to expand thanks to years of investments. India’s refining capacity today is around 5.36 million barrels per day (bpd), which will rise to 5.8 million bpd over the next year, Puri said. By 2032, India targets to have 6.4 million bpd of refining capacity, the minister noted.
“At…
Refining & Products Context
Downstream margins — or crack spreads — have experienced considerable volatility as refinery operators navigate feedstock cost fluctuations, product demand seasonality, and evolving fuel specifications. Gasoline and distillate margins serve as key profitability levers for integrated refiners.
Refinery utilization rates, particularly in the U.S. Gulf Coast and Northwest European hubs, directly influence product availability and pricing. Unplanned outages, scheduled turnarounds, and weather-related disruptions are recurring factors that tighten regional product supply.
What to Watch
Key metrics to watch include refinery utilization rates, weekly distillate inventory builds or draws, and crack spread movements, which serve as real-time indicators of refining profitability across major processing hubs.
Read original article at OilPrice.com