Archive · 9 Jun 2025
Indian Oil & Gas Sector Poised for Growth Through FY27
The Indian oil and gas sector is expected to grow in the next two years.
Sales and profits for companies are predicted to increase.
Oil prices dropped, but refining profits went up.
Natural gas prices are mixed; they fell in the US but rose in Asia.
Key investment choices include companies like Reliance and GAIL.
Despite some market changes, the sector looks positive overall.
Indian oil and gas sector is projected to see strong growth through FY26 and FY27.
Average sales, EBITDA, and PAT growth are expected for FY26E and FY27E.
Brent crude prices decreased in May 2025.
Refining margins saw substantial improvements due to lower crude costs.
Natural gas prices showed mixed trends: Henry Hub down, Asian spot LNG up.
- Who
- Companies in the Indian oil and gas sector.
- What
- The Indian oil and gas sector is expected to grow.
- When
- FY26 and FY27
- Where
- India
- Why
- Due to improved refining margins and regional gas demand.
Crude Price Trends
Natural Gas Trends
Price Direction
Crude Price Trends
Henry Hub prices corrected due to oversupply and mild weather.
Natural Gas Trends
Asian spot LNG prices rose due to regional demand.
- FY26E Average Sales, EBITDA, PAT Growth
- 6%, 12.9%, 13.3% (YoY)
- FY27E Average Sales, EBITDA, PAT Growth
- 7.8%, 9%, 10.1% (YoY)
- Brent Crude Price Decline (May 2025)
- 22.9% YoY, 3.8% MoM
- Benchmark GRM
- USD 6.4/bbl
- GRM Increase
- 85% MoM, 121% YoY
- Henry Hub Price Correction
- 31.8% (Since January 2025)
- Asian Spot LNG Price
- USD 11.9/mmbtu, up 6.7% (YoY)
Sources
Reliance share price jumps 18% YTD, outperforms Nifty 50; Jefferies, JP Morgan, Bernstein see more upside
Reliance Industries: 3 reasons why JPMorgan, Jefferies, and Bernstein predict upto 14% gains
Indian Oil & Gas Sector to Witness Strong Growth Despite Global Volatility
Reliance Infrastructure to Reliance Power: What’s driving the rally in Anil Ambani-owned stocks?