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Oil India vs ONGC vs OMCs: What JM Financial’s $80 Brent call means for oil stocks

Economic Times 19 August 2026 at 12:20 pm 1 min read 16 views Read Original
Oil India vs ONGC vs OMCs: What JM Financial’s $80 Brent call means for oil stocks

Brent crude may stay near eighty dollars a barrel for twelve months. Analysts favor Oil India and ONGC due to expected earnings growth. Oil India's refinery capacity expansion will drive future output increases. Oil marketing companies face pressure from lower integrated gross margins. Valuation and earnings concerns persist for HPCL, BPCL, and IOCL.

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