The earnings of Oil Marketing Companies (OMCs) are usually a function of refining margins and a top up with marketing margins. OMCs with lower degree of refined integration will have higher leverage to earnings from lower crude and refining margins.
3 min read4 Sep 2024India, the world’s third-largest oil importer, has a growing energy partnership with Brazil, the world’s seventh-largest crude oil producer and exporter. New Delhi has been trying to diversify its energy supplies recently, by accessing non-traditional sources such as Russia and Brazil.
4 min read5 Jul 2024HPCL share price cracked over 9 per cent in intraday trade on NSE on Friday, March 15.
2 min read15 Mar 2024The board has approved proposal to buyback 10 crore shares, which represents 6.56% equity share
2 min read4 Nov 2020The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared