Exclusive: JPMorgan's call on oil & gas space

In an interview to CNBC-TV18, Scott Darling of JPMorgan shared his views on oil and gas sector.

One of our key findings is liquefied natural gas (LNG) buyers want more contract flexibility, said Darling.

He further said that he is impressed with what GAIL India is doing with some of their contracts and how they are optimising their cargos.

"We prefer the oil marketing companies. JPMorgan is of the view that we are in a sweet spot in the refining cycle," he added.

Reliance Industries is one of the best performing, not just a stock but energy name, year-to-date amongst our coverage for oil and gas names.

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