https://www.zeebiz.com/markets/commodities/news-indian-oil-bpcl-hpcl-to-take-a-hit-due-to-soaring-crude-prices-moodys-258024
The earnings of the three OMCs, all of which enjoy aBaa3 stablerating, will weaken in the second half of fiscal 2024 if oil prices remain elevated at current levels of $85 per barrel (bbl) - $90 per bbl.
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