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HPCL, BPCL to IOCL: OMC stocks rally up to 5% as crude prices slip below $70; Emkay says OMCs in ‘sweet spot’
Shares of Indian oil marketing companies (OMCs) surged on March 6, as Brent crude oil prices fell below the $70 per barrel mark, hitting their
OPEC+ production ramp-ups, trade wars to support OMCs auto fuel margins
Trade wars fuelled by US President Donald Trump, coupled with OPEC+ reversal of voluntary production cuts, have dragged down crude oil prices to around $70