×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Demand in US falls, RIL ships crude to Europe

Demand in US falls, RIL ships crude to Europe
Comment E-mail Print Share
First Published: Thu, Apr 09 2009. 10 58 PM IST
Updated: Thu, Apr 09 2009. 10 58 PM IST
Singapore: Reliance Industries Ltd (RIL) started shipping diesel to Europe and West Asia, and petrol to Iran while avoiding the US West Coast, a Bernstein Research report said.
Reliance’s refinery complex in Jamnagar is processing about 1.24 million barrels a day of crude from two refineries and selling diesel to Europe because of poor prices on the US coast, Neil McMahon, an analyst at Bernstein Research, said in a report on Thursday.
Current tanker destinations suggest that products are bound for Brazil and South Africa from Jamnagar, Bernstein Research said.
Comment E-mail Print Share
First Published: Thu, Apr 09 2009. 10 58 PM IST
More Topics: Reliance | RIL | Refinery | Crude | Diesel |