Nomura remains bullish on OMCs despite high crude prices; prefers IOC, BPCL ...Middle East

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Nomura remains bullish on OMCs despite high crude prices; prefers IOC, BPCL
Nomura maintains its bearish medium-to-long-term outlook on crude oil, citing the potential for the largest-ever global oil surplus in 2027E based on IEA forecasts.

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