India is the world’s top shipper, and its move to ease export restrictions has helped push Thai prices — an Asian benchmark — down almost 40 per cent from a 15-year high in January 2024. Still, the country’s swelling surplus shows its struggle to find enough demand to meet rising supply. Global stockpiles are expected to reach a five-year high in the coming season, which could keep prices under pressure.
Read MoreA view of MRPL unit in Mangalore. -Photo/Govindarajan Javali A view of Mangalore Chemicals and Fertilizers (MCF). Since 1992, India has transformed its petroleum refinery structure, producing fuels that meet global standards. Mangalore and its suburbs a...
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