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This Segment Is Expected To Boost Oil Firms’ Q4 Earnings
Earnings of oil refiners are expected to receive a boost from their petrochemical segments amid higher product prices.
23 Apr 2021, 01:14 PM IST
Higher demand and margins for the petrochemicals segment are likely to boost the fourth-quarter earnings of oil refiners and marketers like Reliance Industries Ltd., Indian Oil Corp. and GAIL India Ltd.Prices of industrial polymers—including high- and low-density polyethylene, and purified terephthalic acid, among others—rose between 10% and 38% on a sequential basis, according to data from JPMorgan. On an annual basis, the increase ...
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