Singapore Gross Refining Margins Surge 2,000% In 10 Days-What Does It Mean For Indian Refiners?
It has been a frantic week or so for Singapore's gross refining margins, which have jumped 2000%, climbing from $0.41 to $8.6 in a matter of just ten days, which could serve as a major earnings boost for major Indian refiners. The current GRM of $8.61 is almo…