IOC Chairman on Crude Prices, GRMs & Oil Outlook for 2026 | Arvinder Sahney | Business

Описание: IOC Chairman on Crude Prices, GRMs & Oil Outlook for 2026 | Arvinder Sahney | Business

Indian Oil Corporation (IOC) Chairman A.S. Sani shared key insights on crude oil prices, refining margins, and the global oil market outlook for 2026. Speaking on market dynamics, he highlighted steady global demand growth of nearly 1% annually and a comfortable supply situation, keeping crude prices under control.

IOC expects crude prices, currently averaging around $60 per barrel, to potentially soften further to the mid or late $50 range if geopolitical tensions ease. While refining margins remain healthy, marketing margins continue to face pressure, making balance-sheet management crucial for oil marketing companies.

The Chairman also discussed cooling diesel cracks, the impact of geopolitical risks, and how being a fully integrated oil major helps IOC balance profitability across segments.

#ioc #crudeoil #oilprices #refiningmargins #grm #energysector #commoditymarket

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