India’s Refiners Are Absorbing the Hefty Cost of the Iran War
India’s efforts to shield consumers from a historic oil shock are reverberating through the refining sector, squeezing margins, stretching balance sheets and forcing companies into costly workarounds.
By Rakesh Sharma · Bloomberg Markets
India’s efforts to shield consumers from a historic oil shock are reverberating through the refining sector, squeezing margins, stretching balance sheets and forcing companies into costly workarounds.