{"id":348514,"date":"2020-04-28T10:27:59","date_gmt":"2020-04-28T04:57:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348514"},"modified":"2020-04-28T10:57:22","modified_gmt":"2020-04-28T05:27:22","slug":"oil-gas-q4-earnings-preview-omcs-set-to-log-losses-on-inventory-hit-ril-may-take-10-knock","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-gas-q4-earnings-preview-omcs-set-to-log-losses-on-inventory-hit-ril-may-take-10-knock\/","title":{"rendered":"Oil &amp; gas Q4 earnings preview: OMCs set to log losses on inventory hit; RIL may take 10% knock"},"content":{"rendered":"<p>NEW DELHI: Oil marketing companies (OMCs) BPCL, HPCL and IOC are all set to report huge losses for March quarter due to inventory losses in the wake of a collapse in crude oil prices.<\/p>\n<p>Refiners Reliance Industries and ONGC may log 8-10 per cent fall in profit for the quarter, that saw Singapore gross refining margin (GRM) tumble to a 72-quarter low on a $44 a barrel fall in crude oil prices.<\/p>\n<p>Among the upstream firms, gas producer GAIL may report flat profit while Oil India is expected to report a 70 per cent drops in sales, said analysts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Oil marketing companies (OMCs) BPCL, HPCL and IOC are all set to report huge losses for March quarter due to inventory losses in the wake of a collapse in crude oil prices. Refiners Reliance Industries and ONGC may log 8-10 per cent fall in profit for the quarter, that saw Singapore gross refining margin (GRM) tumble to a 72-quarter low on a $44 a barrel fall in crude oil prices. Among the upstream firms, gas producer GAIL may report flat profit while Oil India is expected to report a 70 per cent drops in sales, said analysts.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-348514","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348514","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=348514"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348514\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}