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Oil & Gas companies: Fortunes are up, for now
Oct 12:
With the government having decided, at least for now, not to coerce its oil and gas companies to take on the burden of under recoveries, their fortunes seems to be up.
8Refinery GRMs are likely to flare up in Q2 and the subsequent quarters on the back of higher GRMs posted by Singapore refineries and inventory gains on account of higher crude prices.
8GRMs are expected to be in the range of $ 9-$9.5 hereon, with the exception of MRPL, while RIL is projected to show a $ 12.6/bbl margin.
8Public sector oil marketing companies margins' on auto fuels are up.
8Similarly, ONGC is likely to score higher on account of a likely uptick in oil production after years of stagnation and a 10-15% annual increase in gas output over the next five years.
Click on Reports for more
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8Refinery GRMs are likely to flare up in Q2 and the subsequent quarters on the back of higher GRMs posted by Singapore refineries and inventory gains on account of higher crude prices.
8GRMs are expected to be in the range of $ 9-$9.5 hereon, with the exception of MRPL, while RIL is projected to show a $ 12.6/bbl margin.
8Public sector oil marketing companies margins' on auto fuels are up.
8Similarly, ONGC is likely to score higher on account of a likely uptick in oil production after years of stagnation and a 10-15% annual increase in gas output over the next five years.
Click on Reports for more
