Q3 Results Preview: Oil And Gas Companies To Deliver YoY EPS Growth, Says ICICI Securities 
Flames burn from gas venting pipes on the Casablanca oil platform. (Photographer: Angel Navarrete/Bloomberg)

Q3 Results Preview: Oil And Gas Companies To Deliver YoY EPS Growth, Says ICICI Securities 

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 Securities Report

Key trends in the oil and gas sector in Q3 FY21 were -

  1. Dubai and Brent crude were down 29% YoY but up 3-5% QoQ at 43.9-44.6/barrel of oil U.S. dollar;

  2. Domestic gas price was at its 10-year low of $2.0/million British thermal unit;

  3. Reuters’ Singapore gross refining margin recovered to $1.2/bbl from $0.05/bbl in Q2;

  4. Auto fuel net marketing margin was up 76% YoY at Rs 3.1/litre; and

  5. Auto fuel consumption was up 1% YoY and total product consumption down 1% YoY in October-November 2020.

Click on the attachment to read the full report:

ICICI Securities Oil & Gas Q3FY21 Result Preview.pdf

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