RIL’s new refinery to change market dynamics
When Reliance Industries (RIL) opens its second huge refinery in Jamnagar t= his summer, world oil consumers may heave a sigh of relief at the injection= of extra fuel into a market that has been short of capacity for years.
But the issue for physical oil traders is less about global fundamental= s than regional arbitrage, as the surge in gasoline, diesel and jet fuel ex= ports =97 the biggest one-off rise in world supply since Reliance launched = its first plant in 1999 =97 will open up new trading opportunities while cl= osing some old ones
