Reliance sees oil shock impact in Q4 earnings, analyst expects recovery ahead
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Vivekanand Subbaraman of Ambit Capital indicates that Reliance's refining and oil-to-chemicals business faces challenges in the near term due to increased crude and input costs from Middle East supply disruptions. However, he anticipates a recovery post-Iran war, with logistics returning to normal and a shift in focus for Middle East players back to upstream operations.
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