A US-Iran peace deal is expected to ease oil supply risks, pushing crude prices lower. Nomura sees OMCs, CGDs, and Petronet LNG as key beneficiaries, while upstream firms like ONGC and Oil India may face pressure. Reliance Industries could see moderate downside due to weaker refining margins.
A potential US-Iran peace deal is anticipated to reduce crude oil prices due to eased supply risks. This scenario is expected to benefit Indian oil marketing companies (OMCs), City Gas Distribution (CGD) firms, and Petronet LNG. Conversely, upstream companies such as ONGC and…
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