Crude Pains for OMCs to Persist
Given a weak global macro outlook, reports indicate crude prices will stay sanguine in the $75-85 range for the year
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Govt cuts windfall tax on crude; here’s how oil stocks reacted
Shares of ONGC, HPCL, and IOC rose up to 1%, while Adani Total Gas, Reliance Industries, and BPCL fell up to 1% on the BSE.
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.
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.
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.
Fortune 500 India: Fuel mix — The metamorphosis of oil marketers
Oil-marketing companies are gearing up for a transition to non-fossil fuels by transforming into green energy companies selling biofuels and high-value chemicals.
Oil at $83: Rising crude to spur green energy, kill oil!
Anything beyond $70 will kill the oil market, spur demand for alternative sources of energy, fuel demand for green energy: BPCL, HPCL.
What makes PSUs the jewels of Fortune India 500
Public sector companies, in many ways, are the true jewels of the 500 list, and prove to be the best bets for those who want to earn steady returns on investments in the form of equity dividends.
RBI managing economic challenges well: report
While gloom prevails across economies, a State Bank of India report says that the Reserve Bank of India has been relatively successful in ensuring financial stability in the market since May.
