Russian Crude Curbs, Lower Oil Prices to Shape Earnings Outlook for IOC, BPCL, HPCL: Report

Russian Crude Curbs, Lower Oil Prices to Shape Earnings Outlook for IOC, BPCL, HPCL: Report

Get latest articles and stories on Business at LatestLY. Ongoing restrictions on Russian crude and refined product flows, coupled with an oversupplied global oil market, are expected to keep crude prices subdued while supporting refining margins, a trend that has direct implications for state-run oil marketing companies IOC, BPCL and HPCL, according to a report by Nuvama Institutional Equities. Business News | Russian Crude Curbs, Lower Oil Pric…