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A Trifecta Of Problems Face Oil Marketers In Fourth Quarter
How India’s three listed oil marketers are expected to fare in the quarter ended March.
08 Apr 2020, 09:40 AM IST
State-run oil marketers are expected to report one of their worst quarterly earnings in the three months ended March on account of a sharp drop in crude oil prices and fall in refining and marketing margins.Benchmark Brent crude on average tumbled 18 percent in the fourth quarter, according to data compiled by BloomergQuint, after Russia baulked at Saudi Arabia-led OPEC’s plan for deeper output cuts to cope with falling demand amid t...
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