Mexico s state-run oil firm Pemex has sharply reduced crude exports to India, the third largest market for its oil, amid preparations for a new refinery expected to absorb more of its output,.
Strong refining margins and the likely inventory gains arising from increasing oil prices should offset the moderate marketing margins of Indian oil marketing companies (OMCs) and continue to support their standalone credit profiles (SCP), says Fitch Ratings.
Pemex sharply cuts oil supply to India as it readies new refinery hydrocarbonprocessing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbonprocessing.com Daily Mail and Mail on Sunday newspapers.
By Marianna Parraga and Nidhi Verma HOUSTON/NEW DELHI (Reuters) - Mexico's state-run oil firm Pemex has sharply reduced crude exports to India, the th.
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