Oil & Gas Q4 Result Preview- Profitability To Improve On Inventory Gains, Steady Margins: ICICI Direct
A flame blazes from a gas flare stack at an Indian Oil Corp. refinery in Odisha. (Photographer: Dhiraj Singh/Bloomberg)

Oil & Gas Q4 Result Preview- Profitability To Improve On Inventory Gains, Steady Margins: ICICI Direct

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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 Direct Report

Global crude oil prices have risen from February onwards in Q4 FY21 and reached pre-Covid levels.

Brent crude oil prices, on a closing basis, also jumped $11.2 Quarter on Quarter to $62.4/barrel of oil on account of extended output cuts by OPEC+.

Subsequently, even average crude oil prices sharply increased by $16.1/bbl to $60.7/bbl.

Hence, net realisations of upstream companies are expected to increase sharply QoQ.

Click on the attachment to read the full report:

ICICI Direct Oil&Gas Q4FY21 Result Preview.pdf

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