The benchmark of profitability for crude oil refiners has fallen sharply previously few weeks, bringing oil firms like Reliance Industries (RIL) into sharp focus. The Singapore-Dubai hydrocracking refining margin has fallen 57 per cent previously month, on the again of demand issues triggered by recession fears globally. It now hovers over $16.24 per barrel, in keeping with the Bloomberg information compiled by BS Analysis.
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First Revealed: Thu, July 21 2022. 23:04 IST