OMCs

A fall in oil prices is beneficial to OMCs as their costs for acquiring crude oil for refining drop

Brent crude price today: Analysts prefer aviation and tyre stocks among the lot, but remain cautious on paints and oil marketing companies

Oil-marketing companies may expand from 200 locations to source used cooking oil

Analysts expect OMCs to trade lower in the near-term given the retail price cut and elevated brent crude prices of $85/bbl

The S&P BSE Oil & Gas index has been an outperformer, surging nearly 20 per cent in CY24 as compared to the S&P BSE Sensex that has lost around 1 per cent during this period, shows data

In sugarcane it is either through sugarcane juice or syrup, then B-heavy molasses and C-heavy molasses, while in grains it is mostly damaged foodgrains or maize

After the hike, the procurement price of ethanol produced from C-heavy molasses would be Rs 56.28 per litre as against Rs 49.41 per litre in 2022-23 procurement season

Most commodity traders are betting energy prices will remain high

Petrol prices unchanged for record 18 months now, OMCs continuing facing under recoveries

Move to better map and service demand for green hydrogen beyond captive use for oil refineries

Analysts say the already weakening marketing margins will be a concern ahead as the fate of OMCs remains tied to uncertain crude prices and the inability to raise prices amid the coming elections

Starting 30 August, domestic LPG in India is selling Rs 200 cheaper per cylinder (14.2 kg), announced as a festive season gift from the government on Tuesday

Macro conditions could improve and valuations are already low

New price applicable for the remaining 3 months of 2022-23 supply year

Govt control returns to the oil sector

A 19 kg LPG cylinder will cost Rs 1,680 in Delhi, Rs 1640.50 in Mumbai, and Rs 1,805.50 in Kolkata

This would be a significant rebound compared to the Rs 60,000 crore recorded between financial years 2017 and 2022 and the previous financial year low of Rs 33,000 crore

City gas firms will see profits rise due to capped domestic prices, say analysts

In the past one-year, shares of OMCs have risen between 18 per cent and 28 per cent on the back of a fall in crude oil prices. Brent crude prices have corrected 20 per cent in the past one year

Before the war in Ukraine, Indian refiners had bought Russian oil rarely due to the high freight costs involved