Oil

Indian Oil’s Game-Changing Strategies Boost Profits Amidst Oil Market Turbulence!

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Indian Oil Corporation recorded a standalone net profit of Rs 8,063.39 crore for the October-December quarter of the fiscal year 2023-24, marking a substantial increase of over Rs 448.01 crore compared to the same period in the previous year. Despite this positive financial outcome, it is noteworthy that the profit witnessed a decline from the … Read more

Oil Giants Brace for Q3 Shock: Profits Plunge Amid Inventory Woes and Refining Struggles!

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In the third quarter of the fiscal year 2024, state-owned oil marketing companies (OMCs) such as IOC, BPCL, and HPCL are expected to witness a significant decline in operating profits, following a robust first half. Analysts attribute this anticipated downturn to inventory losses and lower gross refining margins. According to Emkay Global, the diesel marketing … Read more