{"id":411740,"date":"2021-04-23T11:46:35","date_gmt":"2021-04-23T06:16:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=411740"},"modified":"2021-04-23T12:55:36","modified_gmt":"2021-04-23T07:25:36","slug":"margins-improve-but-demand-concerns-persist-at-oil-marketing-firms","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/margins-improve-but-demand-concerns-persist-at-oil-marketing-firms\/","title":{"rendered":"Margins improve, but demand concerns persist at oil marketing firms"},"content":{"rendered":"<p>Gross refining margins (GRMs), a measure of profitability for oil refining companies, remained subdued since the onset of the pandemic last year. For perspective: during FY19, FY20 and FY21, GRMs averaged at $4.9 a barrel, $3.2 a barrel and $0.7 a barrel, respectively. Indeed, the declining trend has been a cause for concern. <\/p>\n<p>State-run oil marketing companies (OMCs), which refine crude oil and are engaged in the marketing of auto fuels and other petroleum products, have seen weak GRMs impact their earnings in the recent past. This is despite the fact that marketing margins have remained firm.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gross refining margins (GRMs), a measure of profitability for oil refining companies, remained subdued since the onset of the pandemic last year. For perspective: during FY19, FY20 and FY21, GRMs averaged at $4.9 a barrel, $3.2 a barrel and $0.7 a barrel, respectively. Indeed, the declining trend has been a cause for concern. State-run oil marketing companies (OMCs), which refine crude oil and are engaged in the marketing of auto fuels and other petroleum products, have seen weak GRMs impact their earnings in the recent past. This is despite the fact that marketing margins have remained firm.<\/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":[139,130,187],"tags":[],"class_list":["post-411740","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411740","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=411740"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411740\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=411740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=411740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=411740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}