India's MRPL has reportedly shut a crude unit and some secondary units at its 300k BPD refinery due to crude shortages
India's MRPL shutting down a crude unit and some secondary units at its refinery due to crude shortages highlights supply-side pressures that could tighten the global oil market.
Nikkei 225 Reshuffle (effective 1st April): Additions: Kioxia Holding (285A JT), Pan Pacific International Holdings Corp (7532 JT); Removals: GS Yuasa Corp (6674 JT), Casio Computer Co Ltd (6952 JT)
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India's MRPL has reportedly shut a crude unit and some secondary units at its 300k BPD refinery due to crude shortages
BoJ has not ruled out an April rate hike, Bloomberg reports citing sources
Chinese Foreign Ministry says Beijing has been extensively involved in mediation efforts regarding the crisis related to Iran, Sky News Arabia reports
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This disruption may drive prices higher if it leads to decreased output, particularly affecting WTI and Brent benchmarks, and could have implications for inflation and energy-dependent sectors.
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