ResultsFinancial Express
Crude drops to $91: Can IOC, BPCL & HPCL deliver Q3 margin recovery?
Positive+25
GreyOak summary
Brent crude prices fell to $91 per barrel from $115, driven by US election outcomes and geopolitical expectations. Indian Oil (IOC) outperformed BPCL and HPCL in Q2 due to larger refining scale and inventory gains. Analysts note that while refining margins remain strong, marketing margins face pressure from high input costs and potential LPG under-recoveries.
What it affects
- Indian Oil CorporationIOCPositive +25
IOC outperformed peers with higher margins and volume.Rolling sentiment Positive +30
Source
Read the original at Financial ExpressMore Indian Oil Corporation news
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