Record Crude Imports Could Be Bullish for Refiners

Everyone is watching crude prices. Almost nobody is looking at import volumes. India imported a record 4.93 million barrels per day of crude in June, with Russian supplies crossing 2.6 million bpd. This suggests refiners remain confident about fuel demand and are securing feedstock despite global geopolitical uncertainty. Refining and fuel marketing companies like $RELIANCE , $IOC , $BPCL , $HINDPETRO and $CHENNPETRO could remain in focus if refining margins stay healthy.