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ET Markets - Industry 15d ago
Indian refiners unlikely to rush for Iranian oil despite temporary US sanctions waiver, says analyst
Indian refiners are unlikely to sharply raise purchases of Iranian crude despite a 60-day US sanctions waiver, as uncertainty over its duration, payment hurdles and existing supply commitments limit fresh buying, market analyst Sumit Ritolia said. Refiners have already secured most crude requirements for the coming months through advance procurement plans.
ADVANCEIOCOILSUMITChemicalsOil Gas & Consumable Fuels
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CNBC TV18 - Markets 87d ago
Power stocks rally hinges on demand, solar may face oversupply in 3-4 years: Axis Capital
Sumit Kishore, Executive Director at Axis Capital, expects power demand to pick up going forward, supported by a favourable base and improving economic activity. He believes demand growth could reach around 6% in FY27.
CPCAPGVPILSOLARINDSSUMITCapital GoodsChemicals