India's oil refiners face higher costs due to Gulf supply disruptions
Story essentials
Indian oil refiners
India / Gulf region
September 1-22, 2026
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COMPAMIR Editorial Team
The COMPAMIR editorial team brings together public reporting and links to the original coverage. We update the page as new information emerges.
Read our editorial policy- Earlier version 19/29/2026, 6:31:02 AM
Indian oil refiners are paying significantly higher prices for physical crude than headline futures prices. Brent spot prices averaged $12 above November futures between September 1 and 22, with the gap reaching $22. Supply constraints in the Gulf region are driving up physical market benchmarks.
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