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Fuel retailers will report EBITDA loss if crude oil price touch $100: Moody’s
"We estimate that the OMCs will start incurring EBITDA losses in the second half of fiscal 2024 if crude oil prices increase to around $100/bbl. Nonetheless, we believe high oil prices are unlikely to be sustained for long as global growth weakens," Moody's analyst Sweta Patodia said.