Crude quoted at $100 a barrel could cost nearly $145 in the physical market

The Economic Times, citing an ANI interview with Kotak Securities analyst Anindya Banerjee, reports that crude quoted at $100 a barrel could cost nearly $145 in the physical market. Banerjee said VLCC tanker freight rates had crossed $1 million, adding roughly $25 or more per barrel. He said India's diversified oil supplies and surplus refining capacity protect it from physical shortages, though a global price surge would still bring shocks.