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The Economic Times

Economy / The Economic Times

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RIL sees better global refining margins despite oilfield attacks

Reliance Industries anticipates stronger global refining margins in upcoming quarters. Structural capacity losses in Russia and the Middle East support this positive outlook. Near-term oil sourcing remains uncertain due to escalating Iran tensions and Strait of Hormuz issues. China's limited return to the import market has helped stabilize crude prices recently. The company expects a rebound in oil demand next year as conditions normalize.

21 Jul 2026 12:12 am