Oil India, ONGC shares jump 5% today. What's fuelling the rally?
6 days, 8 hours ago

Oil India, ONGC shares jump 5% today. What's fuelling the rally?

India Today  

Shares of Oil India Ltd and ONGC surged up to 5% on Friday, buoyed by a sharp rise in crude oil prices, which reached their highest levels in over two months. According to YES Securities, ONGC’s oil production may fall 4.7% year-on-year in Q3, though gas production is likely to remain flat. For the December quarter, YES Securities projects a net crude oil realisation of $73.2 per barrel for ONGC and $73.7 per barrel for Oil India. ONGC’s gas volumes are expected to remain flat YoY but rise 1.2% quarter-on-quarter, while Oil India’s gas volumes may grow 0.5% YoY and 3.4% QoQ. YES Securities noted that the oil and gas sector’s core performance in Q3FY25 could be mixed, with oil marketing companies and refiners potentially benefitting from stronger gross refining margins and improved marketing profits.

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History of this topic

Maharashtra Natural Gas IPO: BPCL board approves ₹1,000 crore public issue of JV company
2 days, 4 hours ago

Maharashtra Natural Gas IPO: BPCL board approves ₹1,000 crore public issue of JV company

Live Mint  

Maharashtra Natural Gas, a joint venture involving Bharat Petroleum Corporation Ltd, GAIL, and Indraprastha Gas Ltd, is gearing up to go public with an Initial Public Offering exceeding ₹1,000 crore, as reported in a company filing by BPCL on January 6, which indicates that the board has given its preliminary approval for the offering. “We would however like to mention …

India’s oil demand growth to top China’s in 2024, trend to continue next year: S&P
1 week, 6 days ago

India’s oil demand growth to top China’s in 2024, trend to continue next year: S&P

Live Mint  

India is poised to close 2024 with a higher oil demand growth rate than China, underscoring its emergence as a key consumption hub in Asia, according to a report by S&P Global Commodity Insights. "India is set to end the year with its oil demand growth rate surpassing China's, making it one of the fastest-growing consumption centres," the report noted, …

Refining margins of state-run oil marketing companies fall this fiscal
3 weeks, 3 days ago

Refining margins of state-run oil marketing companies fall this fiscal

Live Mint  

New Delhi: Gross refining margins of public sector oil marketing companies have fallen by up to 80% in the first half of this financial year, showed data from the Petroleum Planning & Analysis Cell, amid shrinking discounts of Russian oil and declining prices in global markets, experts said. Mangalore Refinery and Petrochemicals Ltd, a public sector enterprise under the Union …

ONGC, Oil India, Reliance share price rise: Upsteam oil producers to benefit most from windfall tax being scrapped
1 month ago

ONGC, Oil India, Reliance share price rise: Upsteam oil producers to benefit most from windfall tax being scrapped

Live Mint  

Stock Market Today: Oil and Natural Gas Corporation, Oil India, Reliance Industries saw thair share price rise up to 3% in the intaday trades on Tuesday. Oil india share price to gained more than 1% and so did Selan Exploration Technology Ltd, Hindustan Oil Exploration Co Ltd, Reliance Industries Ltd among others. Windfal Tax removal The removal of notifications on …

Ongc Share Price Today on 29-11-2024: Ongc share price are up by 0.83%, Nifty up by 0.86%
1 month, 1 week ago

Ongc Share Price Today on 29-11-2024: Ongc share price are up by 0.83%, Nifty up by 0.86%

Live Mint  

Ongc Share Price Today on 29-11-2024: At 29 Nov 11:20 today, Ongc shares are trading at price ₹254.2, 0.83% up from the previous closing price. On the technical front, the stock is trading above the 5,10 days SMA & lower than the 20,50,100,300 day SMA. The stock will have support at 5,10 days SMA & face resistance at 20,50,100,300 days …

Indian Oil Corporation Share Price Today on 28-11-2024: Indian Oil Corporation share price are up by 0.04%, Nifty down by -0.78%
1 month, 1 week ago

Indian Oil Corporation Share Price Today on 28-11-2024: Indian Oil Corporation share price are up by 0.04%, Nifty down by -0.78%

Live Mint  

Indian Oil Corporation Share Price Today on 28-11-2024: At 28 Nov 11:11 today, Indian Oil Corporation shares are trading at price ₹139, 0.04% up from the previous closing price. On the technical front, the stock is trading above the 5,10 days SMA & lower than the 20,50,100,300 day SMA. The stock will have support at 5,10 days SMA & face …

Indian Oil Corporation Share Price Today on 27-11-2024: Indian Oil Corporation share price are down by -0.88%, Nifty down by -0.01%
1 month, 1 week ago

Indian Oil Corporation Share Price Today on 27-11-2024: Indian Oil Corporation share price are down by -0.88%, Nifty down by -0.01%

Live Mint  

Indian Oil Corporation Share Price Today on 27-11-2024: At 27 Nov 11:13 today, Indian Oil Corporation shares are trading at price ₹135.8, -0.88% down from the previous closing price. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA The SMA values for the stock are given below : Days Simple Moving Average 5 …

Ongc Share Price Today on 25-11-2024: Ongc share price are up by 5.79%, Nifty up by 1.81%
1 month, 2 weeks ago

Ongc Share Price Today on 25-11-2024: Ongc share price are up by 5.79%, Nifty up by 1.81%

Live Mint  

Ongc Share Price Today on 25-11-2024: At 25 Nov 11:26 today, Ongc shares are trading at price ₹259.65, 5.79% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at 50,100,300 days …

Indian Oil Corporation Share Price Today on 25-11-2024: Indian Oil Corporation share price are up by 3.7%, Nifty up by 1.72%
1 month, 2 weeks ago

Indian Oil Corporation Share Price Today on 25-11-2024: Indian Oil Corporation share price are up by 3.7%, Nifty up by 1.72%

Live Mint  

Indian Oil Corporation Share Price Today on 25-11-2024: At 25 Nov 11:15 today, Indian Oil Corporation shares are trading at price ₹137.5, 3.7% up from the previous closing price. On the technical front, the stock is trading above the 5,10 days SMA & lower than the 20,50,100,300 day SMA. The stock will have support at 5,10 days SMA & face …

Indian Oil Corporation Share Price Today on 22-11-2024: Indian Oil Corporation share price are up by 1.26%, Nifty up by 1.15%
1 month, 2 weeks ago

Indian Oil Corporation Share Price Today on 22-11-2024: Indian Oil Corporation share price are up by 1.26%, Nifty up by 1.15%

Live Mint  

Indian Oil Corporation Share Price Today on 22-11-2024: At 22 Nov 12:35 today, Indian Oil Corporation shares are trading at price ₹132.4, 1.26% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & …

Ongc Share Price Today on 22-11-2024: Ongc share price are up by 1.2%, Nifty up by 1.04%
1 month, 2 weeks ago

Ongc Share Price Today on 22-11-2024: Ongc share price are up by 1.2%, Nifty up by 1.04%

Live Mint  

Ongc Share Price Today on 22-11-2024: At 22 Nov 12:10 today, Ongc shares are trading at price ₹245.1, 1.2% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Oil India share price jumps over 3% after the announcement of this JV. Should you buy?
1 month, 3 weeks ago

Oil India share price jumps over 3% after the announcement of this JV. Should you buy?

Live Mint  

Oil India share price jumped over 3% on Tuesday after the company entered into an agreement with TotalEnergies to collaborate on methane emissions detection and measurement. Oil India Ltd signed a Cooperation Agreement with TotalEnergies to carry out methane emissions detection and measurement campaigns using TotalEnergies’ pioneer AUSEA1 technology at OIL sites in India, the state-run company said in a …

ONGC looks to cash in on gas pricing tweak, KG basin ramp-up
1 month, 3 weeks ago

ONGC looks to cash in on gas pricing tweak, KG basin ramp-up

Live Mint  

Oil and Natural Gas Corp. Ltd’s standalone gross crude oil realization fell about 8% year-on-year in the September quarter to $78.3 per barrel. The good news is that the ramp-up of crude oil production from the newly developed KG basin 98/2 block to 25,000 barrels per day in October, up from 12,000 bpd in the June quarter should help it …

Ongc Share Price Today on 13-11-2024: Ongc share price are down by -1.41%, Nifty down by -1.36%
1 month, 3 weeks ago

Ongc Share Price Today on 13-11-2024: Ongc share price are down by -1.41%, Nifty down by -1.36%

Live Mint  

Ongc Share Price Today on 13-11-2024: At 13 Nov 16:00 today, Ongc shares are trading at price ₹252.6, -1.41% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Indian Oil Corporation Share Price Today on 12-11-2024: Indian Oil Corporation share price are down by -0.43%, Nifty down by -1.07%
Trending News
1 month, 4 weeks ago

Indian Oil Corporation Share Price Today on 12-11-2024: Indian Oil Corporation share price are down by -0.43%, Nifty down by -1.07%

Live Mint  

Indian Oil Corporation Share Price Today on 12-11-2024: At 12 Nov 16:00 today, Indian Oil Corporation shares are trading at price ₹138.85, -0.43% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & …

Ongc Share Price Today on 12-11-2024: Ongc share price are down by -0.27%, Nifty down by -1.07%
Trending News
1 month, 4 weeks ago

Ongc Share Price Today on 12-11-2024: Ongc share price are down by -0.27%, Nifty down by -1.07%

Live Mint  

Ongc Share Price Today on 12-11-2024: At 12 Nov 16:00 today, Ongc shares are trading at price ₹256.2, -0.27% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

ONGC Q2 Results: Net profit falls 25% YoY to ₹10,272.5 crore; interim dividend of ₹6 per share declared
1 month, 4 weeks ago

ONGC Q2 Results: Net profit falls 25% YoY to ₹10,272.5 crore; interim dividend of ₹6 per share declared

Live Mint  

ONGC Q2 Results: Oil and Natural Gas Corporation Limited announced its July to September quarter results on Monday, November 11. Oil and Natural Gas Corporation Ltd shares closed 2.08 per cent lower at ₹256.90 after Monday's market session, compared to ₹262.35 at the previous market close. The company's revenue from core operations rose 7.25 per cent to ₹1,58,329.10 crore in …

Ongc Share Price Today on 11-11-2024: Ongc share price are down by -2.08%, Nifty down by -0.03%
1 month, 4 weeks ago

Ongc Share Price Today on 11-11-2024: Ongc share price are down by -2.08%, Nifty down by -0.03%

Live Mint  

Ongc Share Price Today on 11-11-2024: At 11 Nov 16:01 today, Ongc shares are trading at price ₹256.9, -2.08% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Oil gains 1% in five days on US elections, Fed rate cut; Brent sits 2% lower to $73 dragged by subdued China stimulus
1 month, 4 weeks ago

Oil gains 1% in five days on US elections, Fed rate cut; Brent sits 2% lower to $73 dragged by subdued China stimulus

Live Mint  

International crude oil prices settled more than two per cent lower in the previous session as traders grew less fearful of prolonged supply disruptions from a strong hurricane in the US Gulf of Mexico, while top importer China's latest economic-stimulus packages failed to impress some oil traders. Despite Friday's losses, oil prices gained more than one per cent week-over-week, drawing …

Ongc Share Price Today on 08-11-2024: Ongc share price are down by -1.09%, Nifty down by -0.21%
2 months ago

Ongc Share Price Today on 08-11-2024: Ongc share price are down by -1.09%, Nifty down by -0.21%

Live Mint  

Ongc Share Price Today on 08-11-2024: At 08 Nov 16:00 today, Ongc shares are trading at price ₹262.35, -1.09% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Indian Oil Corporation Share Price Today on 08-11-2024: Indian Oil Corporation share price are down by -2.64%, Nifty down by -0.21%
2 months ago

Indian Oil Corporation Share Price Today on 08-11-2024: Indian Oil Corporation share price are down by -2.64%, Nifty down by -0.21%

Live Mint  

Indian Oil Corporation Share Price Today on 08-11-2024: At 08 Nov 16:01 today, Indian Oil Corporation shares are trading at price ₹140.4, -2.64% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & …

Oil India Q2 Results Live: Profit Rise by 379.29% YOY
2 months ago

Oil India Q2 Results Live: Profit Rise by 379.29% YOY

Live Mint  

Oil India Q2 Results Live : Oil India has reported its Q2 results for the fiscal year 2024, announcing a remarkable profit increase of 379.29% year-on-year. Over the past week, Oil India has seen a return of 3.37%, with a notable 16.77% return over the last six months, and an outstanding year-to-date return of 99.76%. As Oil India continues to …

Ongc Shares Price Today: Up 2.27%, Nifty Down 0.3%
Trending News
2 months, 1 week ago

Ongc Shares Price Today: Up 2.27%, Nifty Down 0.3%

Live Mint  

Ongc shares experience mixed performance today, with the stock price trading up by 2.27% on the NSE and down by -0.3% on the BSE. The stock has hit a high of ₹267.95 and a low of ₹261.1 during the day, indicating a trading range of ₹6.8. The technical analysis suggests support at 5 days SMA and resistance at 10,20,50,100,300 days …

Indian Oil Corporation Shares See a Price Bump, but Technical Indicators Remain Cautious
Trending News
2 months, 1 week ago

Indian Oil Corporation Shares See a Price Bump, but Technical Indicators Remain Cautious

Live Mint  

Indian Oil Corporation shares experience mixed performance today. The stock price has gained 0.62% today, trading at ₹145. However, the Nifty has lost -0.1%, with the Sensex down by -0.13%. The stock has hit a high of ₹145.45 and a low of ₹142.25 during the day, indicating a trading range of 3.25 points. The technical analysis suggests a downtrend, with …

Indian Oil Corporation Shares See a Price Bump, But Technical Indicators Remain Cautious
Trending News
2 months, 1 week ago

Indian Oil Corporation Shares See a Price Bump, But Technical Indicators Remain Cautious

Live Mint  

Indian Oil Corporation shares are trading up today, with the stock price increasing by 1.26%. The Nifty is also up by 0.97%. The stock has hit a high of ₹149.75 and a low of ₹146.25 during the day, and is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages …

Indian Oil Corporation Shares Trading Below Technical and Fundamental Support Levels
Trending News
2 months, 2 weeks ago

Indian Oil Corporation Shares Trading Below Technical and Fundamental Support Levels

Live Mint  

Indian Oil Corporation shares experience mixed performance today. The stock price has gained 0.23% on the NSE, but it has lost -0.14% on the BSE. The stock has hit a high of ₹154.35 and a low of ₹152.55 during the day, indicating a trading range of 2.8%. On the technical front, the stock is trading below the short-term and long-term …

India’s petroleum exports plunge in first five months of FY25 on lower demand, supply disruption
3 months, 2 weeks ago

India’s petroleum exports plunge in first five months of FY25 on lower demand, supply disruption

Live Mint  

New Delhi: India's petroleum exports saw a steep decline during the first five months of fiscal year 2025 due to lower demand from key markets and disruptions along the supply route, especially in the Red Sea region. "The drop in India's petroleum exports in the last three months was mostly due to the Red Sea issue, which led to higher …

Crude Oil Prices Fall: Asian Paints, Kansai Gain Up To 5% But ONGC, Oil India Shares Fall
4 months ago

Crude Oil Prices Fall: Asian Paints, Kansai Gain Up To 5% But ONGC, Oil India Shares Fall

News 18  

A continued decline in Brent crude prices has come as a blessing for oil marketing companies and paint manufacturers, while at the same time, dented sentiment for oil refiners. On the bourses, Asian Paints, Berger Paints India, Shalimar Paints, Kansai Nerolac Paints, Indigo Paints, and Akzo Nobel India gained in the range of 1 per cent to 5 per cent …

ONGC to receive 20% premium over APM price for new natural gas wells, Government approves
4 months, 3 weeks ago

ONGC to receive 20% premium over APM price for new natural gas wells, Government approves

The Hindu  

The government has approved a 20% premium over the regulated or APM price for any natural gas that ONGC will produce from new wells, the company said on Monday. "As per guidelines for domestic gas pricing, domestic natural gas price was fixed at 10 per cent of the Indian crude basket price as announced by Petroleum Planning and Analysis on …

Indian Oil Corporation Q1 Results Live : profit falls by 75.56% YOY
5 months, 1 week ago

Indian Oil Corporation Q1 Results Live : profit falls by 75.56% YOY

Live Mint  

Indian Oil Corporation Q1 Results Live : Indian Oil Corporation declared their Q1 results on 30 Jul, 2024. Indian Oil Corporation has delivered 10.33% return in the last 1 week, 23.87% return in last 6 months and 40.89% YTD return. Currently the Indian Oil Corporation has a market cap of ₹258348.1 Cr and 52wk high/low of ₹196.8 & ₹85.5 respectively. …

HPCL, BPCL ,IOCL share price gain up to 6%: Should you Buy, Sell or Hold the stocks?
5 months, 1 week ago

HPCL, BPCL ,IOCL share price gain up to 6%: Should you Buy, Sell or Hold the stocks?

Live Mint  

Stock Market today: Hindustan Petroleum Corporation, Bharat Petroleum Corporation Ltd, Indian Oil Corporation share price gained up to 6% in the intraday trades on Tuesday. The softening Oil prices boosted street sentiments driving gains for these upstream oil Marketing companies HPCL, BPCL,IOCL share price. Lower marketing margin concerns The lower crude prices relieve concerns on marketing margins of Oil marketing …

ONGC and Indian Oil partner up to establish LNG plant near Hatta Gas Field
6 months, 2 weeks ago

ONGC and Indian Oil partner up to establish LNG plant near Hatta Gas Field

Hindustan Times  

ONGC and Indian Oil will together, establish a small-scale Liquefied Natural Gas plant near the Hatta Gas Field in the Vindhyan Basin. India's sedimentary basins, covering a total area of 3.4 million square kilometres, are divided into three categories: Category I: The ones which have hydrocarbon reserves and are already producing hydrocarbon products. The company in March 2022, decided to …

Inside ONGC’s call for foreign companies at Mumbai High
6 months, 3 weeks ago

Inside ONGC’s call for foreign companies at Mumbai High

Hindustan Times  

State-run Oil and Natural Gas Corporation’s decision to invite a tender on June 1 to engage an international firm to enhance oil production from its flagship Mumbai High came after an in-house committee on May 30 said the oil field was facing an “alarming state of decline”, according to documents seen by HT. The six-member committee, which was constituted by …

ONGC seeks foreign partners for Mumbai High oilfield as output falls
7 months ago

ONGC seeks foreign partners for Mumbai High oilfield as output falls

Hindustan Times  

Oil and Natural Gas Corporation is seeking foreign partners for its flagship Mumbai High field due to declining outputs, PTI reported. ONGC believes the field still has a balance reserve of 80 million tonnes of oil and over 40 bcm of gas and hence, needs partners who can help tap them. ONGC had previously resisted considerations to sell the Mumbai …

India's crude oil imports soar 7% YoY in April, net oil & gas import bill hits $12.3 billion-mark: PPAC
7 months, 2 weeks ago

India's crude oil imports soar 7% YoY in April, net oil & gas import bill hits $12.3 billion-mark: PPAC

Live Mint  

India's crude oil imports increased by seven per cent year-on-year in April 2024 and the net import bill for oil and gas hit $12.3 billion, compared to $10.1 billion in the corresponding period last year. India's domestic crude oil production stood at 2.4 million metric tonnes in April 2024 - registering a growth of 1.6 per cent compared to the …

India cuts windfall tax on petroleum crude to ₹5,700 per metric ton from today
7 months, 3 weeks ago

India cuts windfall tax on petroleum crude to ₹5,700 per metric ton from today

Live Mint  

India has cut the windfall tax on petroleum crude to ₹5,700 per metric ton from ₹8,400 with effect from May 16, Reuters reported. Windfall Tax Movements The tax is revised every two weeks, and was similarly cut on May 1, only for petroleum crude to ₹8,400 a metric ton from ₹9,600. In April 2024, the windfall tax on petroleum crude …

Hindustan Petroleum Corporation Q4 Results Live : profit falls by 24.91% YOY
7 months, 4 weeks ago

Hindustan Petroleum Corporation Q4 Results Live : profit falls by 24.91% YOY

Live Mint  

Hindustan Petroleum Corporation Q4 Results Live : Hindustan Petroleum Corporation declared their Q4 results on 09 May, 2024. Hindustan Petroleum Corporation has delivered -6.09% return in the last 1 week, 67.59% return in last 6 months and 25.6% YTD return. Currently the Hindustan Petroleum Corporation has a market cap of ₹71069.28 Cr and 52wk high/low of ₹594.8 & ₹239.2 respectively. …

India's crude oil consumption up 4.6% in FY24, output rises marginally at 0.6%, imports steady: PPAC
8 months, 2 weeks ago

India's crude oil consumption up 4.6% in FY24, output rises marginally at 0.6%, imports steady: PPAC

Live Mint  

India's total consumption of crude oil or petroleum products rose 4.6 pent in fiscal 2023-24 to 233.3 million metric tonne, while domestic production of crude oil rose marginally at 0.6 per cent. But the world's third largest oil importing and consuming nation paid $132.4 billion for the imports in FY24 as against $157.5 billion import bill in 2022-23, so crude …

ONGC, BPCL rise up to 4%, Nifty oil & Gas index up to 1.5%: 4 key risks and opportunities in the sector
8 months, 3 weeks ago

ONGC, BPCL rise up to 4%, Nifty oil & Gas index up to 1.5%: 4 key risks and opportunities in the sector

Live Mint  

Oil and Natural Gas Corporation adding to its gains on Monday rose up to 4% and was amongst largest Nifty-50 gainers accompanies by Bharat Petroleum Corporation stock. Hindustan Petroleum Corporation, Bharat Petroleum Corporation, Indian Oil Corporation share prices gained up to 2% while GAIL India ltd share price also saw similar gains The analysts however remain cautious on certain pockets …

ONGC share price rises 5% as Jefferies expects more than 40% upside-4 key reasons why
8 months, 3 weeks ago

ONGC share price rises 5% as Jefferies expects more than 40% upside-4 key reasons why

Live Mint  

Oil and Natural Gas Commission Ltd share price saw a sharp 5% rise in share prices and ONGC was amongst largest Nifty-50 stock gainers. The upstream oil and gas producers as ONGC and Oil India Ltd though should benefit with higher crude prices, nevertheless windfall tax imposed by the government that keeps being adjusted every fortnight limits any major gains …

HPCL, BPCL, IOCL gain up to 5%; Nifty Oil & Gas Index rises 1.5%
8 months, 4 weeks ago

HPCL, BPCL, IOCL gain up to 5%; Nifty Oil & Gas Index rises 1.5%

Live Mint  

Hindustan Petroleum Corporation, Bharat Petroleum Corporation, Indian Oil Corporation Ltd saw their share prices rise up to 5% leading the gains for Nifty Oil & Gas index. The rally Bharat Petroleum, Hindustan Petroleum, Indian Oil share prices is likely to have been led by some softness in crude prices seen over past two sessions as Brent Crude dipped below $90 …

Gas price for Reliance trimmed to $9.87; rate for gas that feeds CNG, PNG supplies still at $6.5
9 months, 1 week ago

Gas price for Reliance trimmed to $9.87; rate for gas that feeds CNG, PNG supplies still at $6.5

The Hindu  

The government on March 31 cut the price of natural gas produced from difficult areas like deep sea KG-D6 block of Reliance Industries, marginally to $9.87 per million British thermal unit in line with softening of benchmark international gas prices, an official notification said. For the six-month period starting April 1, the price of gas from deepsea and high-pressure, high-temperature …

India's crude oil output rises 7.9% to 2.3 MMT in February, imports decline 6.6% YoY: PPAC
9 months, 2 weeks ago

India's crude oil output rises 7.9% to 2.3 MMT in February, imports decline 6.6% YoY: PPAC

Live Mint  

India produced a total of 2.3 million metric tonnes of crude oil in February 2024 - registering a growth of 7.9 per cent compared to the year-ago period, according to Petroleum Planning & Analysis Cell. Crude oil imports decreased by 6.6 per cent and increased by 0.4 per cent during February 2-24 and April-February 2024 respectively, compared to the corresponding …

ONGC's first oil from 98/2 block goes to MRPL
9 months, 4 weeks ago

ONGC's first oil from 98/2 block goes to MRPL

Hindustan Times  

ONGC in January started oil production from its Krishna Godavari basin KG-DWN-98/2 block, lying in Andhra offshore. HT Image "The first crude oil cargo from #ONGC Deepwater Krishna Godavari basin has reached ONGC subsidiary @Ongc_Mrpl Mangalore Refinery and Petrochemicals Limited," ONGC said in a post on X. MRPL received the first cargo, loaded on a ship Swarna Sindhu on March …

Gulf Oil Lubricants shares may see 25% upside, says ICICI Securities
10 months ago

Gulf Oil Lubricants shares may see 25% upside, says ICICI Securities

Live Mint  

Gulf Oil Lubricants India share price jumped over 7% on Monday after ICICI Securities initiated coverage on the stock with a ‘Buy’ rating. ICICI Securities has a target of ₹1,250 per share for Gulf Oil Lubricants India, implying an upside of 25% from Saturday’s closing price. Gulf Oil Lubricants India is the second largest private player in the petroleum lubricant …

India's crude oil output up 0.7% to 2.5 MMT in January, imports rise 5.7% YoY: PPAC
10 months, 2 weeks ago

India's crude oil output up 0.7% to 2.5 MMT in January, imports rise 5.7% YoY: PPAC

Live Mint  

India produced a total of 2.5 million metric tonnes of crude oil in January 2024 - registering a growth of 0.7 per cent compared to the year-ago period, according to Petroleum Planning & Analysis Cell. Crude oil imports increased by 5.7 per cent and 0.9 per cent during January 2024 and April-January 2023-24 respectively, compared to the corresponding period of …

India oil product demand up 8.2% in January, says report
10 months, 3 weeks ago

India oil product demand up 8.2% in January, says report

Live Mint  

New Delhi: India's demand for oil products saw a significant increase of 398,000 barrels per day, or 8.2%, year-on-year in January, according to a report by S&P Global Commodity Insights. LPG and gasoline demand saw the highest growth in January, driven by increased heating needs during the winter and a rise in mobility following year-end holidays, respectively. In January, jet …

ONGC, GAIL explore possibility of setting up strategic gas reserves
11 months ago

ONGC, GAIL explore possibility of setting up strategic gas reserves

Live Mint  

Amid a global lookout for natural gas supplies, state-run energy majors ONGC and GAIL are exploring the possibility of setting up strategic gas reserves in the country, said two people in the know. The two options available are old oil wells and salt caverns, and whenever reserves are set up, old wells would hold most of the gas, they said. …

India's crude oil output down 1.03% to 2.5 MMT in December, imports rise 1.1% YoY: PPAC
11 months, 2 weeks ago

India's crude oil output down 1.03% to 2.5 MMT in December, imports rise 1.1% YoY: PPAC

Live Mint  

Crude oil imports increased by 1.1 per cent and 0.4 per cent during December 2023 and April-December 2023 respectively, compared to the corresponding period of the previous year. The cumulative natural gas consumption for the current financial year till December 2023 stood at 49,540 MMSCM, which was higher by 9.4 per cent compared with the corresponding period of the previous …

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