Will falling crude prices, improving marketing margins boost OMC stocks?
The recent fall in international crude and product prices has helped state-owned OMCs to narrow their marketing losses.
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L&T wins large contract from Indian Oil
Indian Oil Corporation is implementing the Panipat refinery expansion (P-25) project to enhance refining capacity.
Sharp drop in crude oil prices poses upside risks for OMCs: Report
ICICI Securities has downgraded state-owned oil retailer HPCL to “REDUCE” from “ADD”, BPCL to “ADD” (from “BUY”), while it retained “BUY” call on IOCL.
Why are oil stocks IOC, HPCL, BPCL down today
Shares of state-owned oil companies plunged up to 7% on Wednesday after Indian Oil reported weak earnings for the March quarter of 2022.
Refining margins, inventory gains to mitigate OMCs' potential losses: Fitch
Fuel retailers kept petrol and diesel prices on hold for 137 days despite crude oil prices increasing by nearly $27 per barrel.
