Since the beginning of 2016, Indian stock markets have fallen close to 7%. Overall they have fallen ~ 20% from their highs of 2015. What’s intriguing about this stock market correction is not the pace at which it has happened but the fact that no other asset class has done well during this period. What’s…
crude oil
How Do Oil Marketing Companies Make Money?
In India there are 3 big Oil Marketing Companies (OMCs): Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL). Core Business: Marketing of oil. In addition to pure marketing, these companies also refine and market oil that they buy from upstream oil exploration and production companies including from…
Should You Start Buying Oil Stocks? – Look For These 3 Things
Next time when crude oil price hits U.S. $ 90 / barrel mark, it may well be attributable to “the risk posed by the emerging markets of India, China and Brazil, where increasing affluence resulted in more and more mid income consumers to become automobile owners.” Over the last few days, I must have read…
Crude Oil Wars – How India could benefit from OPECs high supply policy?
Over the past few weeks the entire world’s attention has been focused on crude oil prices. Some countries are benefiting immensely from the recent meltdown in crude oil prices while others are being slowly driven towards bankruptcy. Countries Benefiting – All countries which rely on crude imports. Mainly India and China. Countries Suffering – All…
Fall in Crude Oil Prices – Discovering Sustainable Levels
Let’s assume that many countries become self sufficient for their crude oil requirements. In such a situation crude oil will become like any other domestic commodity (think of cotton or sugar) and its market price will be determined by similar various domestic and international factors. Consequences: Whenever it would become cheaper to import oil from…
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