Oil Marketing Companies (OMCs) play a pivotal role in the global energy market, especially in relation to oil prices. These companies, including major playersare involved in exploration, extraction, refining, and distribution of petroleum products. Oil prices are influenced by various factors such as supply-demand balance, geopolitical events, economic conditions, and production decisions by OMCs. Additionally, energy policies, currency exchange rates, and storage capacity impact the pricing dynamics. Understanding these factors helps in assessing how OMCs navigate market fluctuations to optimize profitability and maintain market stability.
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