{"id":343128,"date":"2020-03-24T10:09:28","date_gmt":"2020-03-24T04:39:28","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=343128"},"modified":"2020-03-24T10:09:28","modified_gmt":"2020-03-24T04:39:28","slug":"after-q3-gains-oil-marketing-companies-to-report-big-inventory-losses-in-q4","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/after-q3-gains-oil-marketing-companies-to-report-big-inventory-losses-in-q4\/","title":{"rendered":"After Q3 gains, oil marketing companies to report big inventory losses in Q4"},"content":{"rendered":"<p>India\u2019s oil marketing companies (OMCs) ,BPCL, HPCL &amp; IOC  are likely to book heavy inventory losses in the March quarter of 2020, even as more than halving of crude prices since January 1 could positively impact their gross refining margins (GRMs). The OMCs are likely to see inventory loss of $5.6-8\/barrel in Q4FY20 given that they bought crude at an average price of $65-$67 in the December quarter, according to analysts.<\/p>\n<p>The OMCs had reported big inventory gains for the third quarter of the current fiscal ? Rs 1,608 crore by IOC and Rs 343 crore by HPCL. Industry experts estimated OMCs\u2019 GRMs in Q4FY20-to-date at $1.0-3.9\/bbl as Singapore refining margins improved around 5% sequentially. The refining margins were also aided by gains from refinery transfer price (RTP) being higher than spot price of $5.1-5.6\/bbl. However, these gains will be more than nullified by the inventory losses in the quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s oil marketing companies (OMCs) ,BPCL, HPCL &amp; IOC are likely to book heavy inventory losses in the March quarter of 2020, even as more than halving of crude prices since January 1 could positively impact their gross refining margins (GRMs). The OMCs are likely to see inventory loss of $5.6-8\/barrel in Q4FY20 given that they bought crude at an average price of $65-$67 in the December quarter, according to analysts. The OMCs had reported big inventory gains for the third quarter of the current fiscal ? Rs 1,608 crore by IOC and Rs 343 crore by HPCL. Industry experts [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-343128","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=343128"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343128\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=343128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=343128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=343128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}