Lower Oil Prices To Benefit Indian Downstream Companies: Goldman SachsMani
Downstream companies, particularly oil marketing companies in India, are better placed to benefit from structurally lower oil prices and from a growing ability to charge higher marketing margins, notes Goldman Sachs.
Nilesh Banerjee and team at Goldman Sachs in their May 18, 2015 research report titled: “India: Energy: Oil” predicts long-term Brent at US$55/barrel by CY20E.
Oil Prices: Cost deflation from triple drivers
The Goldman Sachs analysts point out that global oil markets
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