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This Article is From Jan 09, 2021

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

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)

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
VIEW DOCUMENT

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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