Signal · Supply Chain & Logistics
Refiners feel heat physical crude trades higher than futures prices
What the source reported
Source-reportedIndia’s oil refiners are paying significantly more for physical crude than the futures prices making headlines, as constrained Gulf supplies keep the physical market tight. Brent spot prices averaged about $12 a barrel above November futures between September 1 and 22, with the gap widening to as much as $22. Refiners’ actual costs are driven by physical-market benchmarks, grade differentials and contract terms rather than headline futures prices alone.
- Publication
- The Economic Times - Industry · Trade Publication
- Published
- 28th September 2026
- Original report
- economictimes.indiatimes.com
ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.
What ProcIntel recorded
ProcIntel-derived- Category
- Supply Chain & Logistics
- Geography
- India
- Organisations
- None identified
- Collected
- 28th September 2026 · 22:46
Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Initial Significance Low (16.0/100). Strongest contributor: Procurement Impact (6.0/30 points). Limiting factor: Geographic Breadth (0.0/10 points). Initial Confidence Low (37.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (2.5/25 points).
- Strongest contributor
- Procurement Impact
- Limiting factor
- Geographic Breadth