Market Research Report
India Oil & Gas Q4 2019
|Published by||Fitch Solutions, Inc.||Product code||177588|
|Published||Content info||99 Pages
Delivery time: 1-2 business days
|India Oil & Gas Q4 2019|
|Published: October 8, 2019||Content info: 99 Pages||
Upstream performance will continue to diverge over the coming years, with firming production and new inflows of capital into gas counterbalanced by sharp underperformance in crude. Small field auctions will help offset natural decline rates, but the prospects for major greenfield investments in oil are poor. New reforms - which have improved licensing procedures and fiscal terms - pose additional upside in the coming years.
The refining sector will continue to grow, feeding rising domestic demand and competing for market share abroad. However, rising global oil prices will see profit margins for some refiners becoming squeezed. We are bullish on the prospects for demand for both oil and gas and refined fuels consumption has staged a strong rebound in the YTD, in line with our forecast.