Oil & Gas Sector Check - Refining Margins Continue To Record A Gradual Uptick; BPCL Moves Closer To Divestment: Motilal Oswal
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Motilal Oswal Report
With the lifting of Covid-19-related lockdowns, while various industries see an uptick in demand, margins, new business avenues, etc.; the global oil and gas industry continues to struggle with its own set of challenges.
Refining margins continue its streak of poor performance, while marketing margins continue to offset the pain.
Lately, petrochemical joined the club with better margins, providing further relief to the refining side of the business.
In this report, we review the current conditions in the oil and gas industry, which would pave the way for privatization of Bharat Petroleum Corporation Ltd. (a hot topic for over a year now).
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