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Oil and gas demand likely to remain strong in FY26: India Ratings

Business Standard LogoBusiness Standard5d ago

Oil and gas demand likely to remain strong in FY26: India Ratings - Business Standard

Quick Summary:

The agency expects the credit profile of downstream companies to remain stable during the year, driven by healthy demand for petroleum products and healthy marketing margins that would offset compressed Gross Refining Margins (GRMs), yielding healthy overall EBITDA.

India's oil and gas demand is likely to remain strong in the next financial year even as weak global demand will drive down refining margins, India Ratings and Research (Ind-Ra) said on Thursday.

The credit profile of upstream oil companies shall remain dependent on crude oil prices, Ind-Ra said in the FY26 Oil and Gas Outlook.


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Category: BusinessFinance

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-02 @ 20:40:29 (5 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 708 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24820429

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Official Website: business-standard.com

Update Frequency: 274 posts per day

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News Last Updated: 2 hours ago

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