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Oil, Gas Sector Check - Warming Up To The Winter Ahead: Motilal Oswal

Oil, Gas Sector Check - Warming Up To The Winter Ahead: Motilal Oswal

<div class="paragraphs"><p>A worker prepares pipes destined for the&nbsp;oil and gas field off the Shetland Isles, before loading onto the Normand Oceanic offshore supply ship (Photographer: Simon Dawson/Bloomberg)</p></div>
A worker prepares pipes destined for the oil and gas field off the Shetland Isles, before loading onto the Normand Oceanic offshore supply ship (Photographer: Simon Dawson/Bloomberg)

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

Organization of the Petroleum Exporting Countries plus in its October 2021 meeting reaffirmed its stance of continuing to easing production by a mere 0.4 million barrels of oil per day per month.

It would review the oil market environment at its next monthly meeting on November 04, 2021. 

Brent prices continue to record an uptick (and have reached $82/barrel of oil over the last one week from an average of $74/bbl in September 2021) owing to power outages in China, further aided by substitution demand from gas and coal, for which the prices are all at multi-year highs currently.

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Motilal Oswal Oil&Gas Sector Update.pdf

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