Oil & Gas Sector Check - Refining Margins Continue To Record A Gradual Uptick; BPCL Moves Closer To Divestment: Motilal Oswal
The Bharat Petroleum Corp. refinery stands in the Mahul area of Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Oil & Gas Sector Check - Refining Margins Continue To Record A Gradual Uptick; BPCL Moves Closer To Divestment: Motilal Oswal

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.

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).

Click on the attachment to read the full report:

Motilal Oswal Oil&Gas Sector Update.pdf

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