Economic TimesLean R·
Brent below $80 to sustain OMC earnings recovery
Oil marketing companies' margins are expected to remain stable as crude prices stay below $80. Recent crude price drops have significantly improved earnings for state-owned oil companies. These companies incurred substantial under-recoveries on fuel sales earlier this year. Current integrated margins are more than double historical averages, boosting annual earnings. Analysts suggest under-recoveries could be recovered within twelve months if conditions persist.
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