Gross Refining Margins News
Singapore GRM drops significantly in December quarter
Currently, Singapore GRM is down primarily because of weakness in petrol (or gasoline) cracks, amid a glut in the gasoline market
1 min read2 Jan 2019Weak gross refining margins drag down BPCL Q2 results
A planned shutdown of Bharat Petroleum’s (BPCL’s) Kochi refinery and lower benchmark gross refining margins (GRMs) are seen as headwinds going ahead
2 min read31 Oct 2018Reliance seeks petcoke from Indian Oil, HPCL, BPCL for $5 billion gasifiers
Petcoke gasification will help Reliance Industries lower the Jamnagar refinery’s energy costs and boost its gross refining margin
2 min read10 Aug 2018For oil marketers, will inventory gains offset lower margins?
It’s not just low gross refining margins that are a problem. Marketing margins for state-run oil marketers such as Bharat Petroleum, Hindustan Petroleum and Indian Oil have declined
2 min read18 Jan 2018HPCL March quarter net profit up 31%, beats Street estimates
HPCL net profit rose to Rs1,819 crore from Rs1,388 crore during year-earlier quarter on strong growth in revenue, the oil marketing company said
1 min read27 May 2017RIL hopes its double-digit GRM will continue to hit the sweet spot
GRM is what a refiner earns from turning every barrel of crude oil into fuel
3 min read24 Jan 2017Oil: GRMs decline sequentially for refining companies
Gross refining margins weakened on account of weaker petrol and LPG crack spreads and refining inventory losses versus substantial inventory gains in the June quarter
2 min read9 Dec 2016Reliance Industries: Relying on refining margins
Most analysts had estimated its gross refining margins to be $9.5-10 per barrel; on the contrary, RIL’s margins in the June quarter came in at $11.5 per barrel
3 min read16 Jul 2016Essar Oil Q3 profit rises sevenfold on record GRMs
Standalone total income from operations for the company fell 46% to Rs10,909 crore from Rs20,295 crore a year ago
1 min read10 Feb 2016Singapore gross refining margins show strength
The benchmark Singapore complex GRM averaged higher at $8 per barrel in the December quarter, compared with $6.3 a barrel in the September quarter
1 min read11 Jan 2016Popular Topics
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