BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Three weeks after hurricane Ida struck, 2.9-0.9% of U.S. oil and gas output (15.1-3% at peak), 3% of refining capacity (13% at peak) and 0-6% (9-41% at peak) of petrochemical capacities are still shut.
Oil is above pre-Ida lows as Shell’s Gulf of Mexico output may be down 250,000-100,000 barrels per day in Q4 CY21-Q1 CY22 and U.S. output is set to fall month-on-month in September 2021.
Reuters’ Singapore GRM is up 103% versus average levels on August 23 to 26; gross refining margin recovery may not sustain as fuel oil cracks rise is the main driver while auto fuel cracks rise is modest.
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