India's IOC to Trim Middle East Term Crude Purchases for FY2027/28
Published 2 d ago3 sourcesEvidence: Reported
Transportation costs for US crude have surged, adding roughly $40 per barrel to delivered prices, according to a Reuters report cited by OilPrice.com. This widens the gap between benchmark prices and actual refinery input costs, pressuring margins and potentially feeding through to consumer fuel prices. The magnitude of the freight premium suggests a structural shift in logistics rather than a transient spike.
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Published 2 d ago3 sourcesEvidence: Reported
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