India’s Essar Oil declared that it has cut the share of low-sulphur and light grades of crude oil processed at its refinery, helping it cut costs and raise refining margins. For full story, click here
Experts say retrench in crude oil exploration and investment could see energy costs rising up again and that, when this comes, Russia should again focus on managing the upturn to diversify its economy. Michael Calvey, from Baring Vostok Capital Partners, said: I think that overall, Russia’s government has had a very successful policy of fiscal [...]
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