Category: Oil & Gas

Domestic cooking gas (LPG) price was cut by Rs 1.46 per cylinder on Thursday, the third straight reduction in a month’s time due to tax impact on reduced market rate of the fuel.

Pradesh Congress Committee (PCC) president Niranjan Patnaik on Wednesday alleged that both the BJP and the BJD Governments have tortured Odia people by doubling taxes on petrol and diesel during the last four years.

Oil India (OIL) has raised $550 million in an overseas bond offering, creating new milestones for Indian securities in the international capital markets. The dollar denominated 10-year bond offering comes with an annual coupon of 5.125 per cent. The bonds are rated ‘Baa2’ by Moody’s and ‘BBB’ by Fitch.

Shares of Indian Oil Corp (IOC) on Wednesday fell over 2 per cent after it reported 91 per cent plunge in net profit for the December 2018 quarter. The scrip declined 2.07 per cent to close at Rs 134.65 on the BSE. Intra-day, it dropped 3.49 per cent to Rs 132.70. On the NSE, shares […]

American sanctions on Venezuelan stated-owned oil firm PDVSA may not have a direct impact on India’s import mix, but it sure is a signal of changing geo-political dynamics and its implications on the oil market.

Indian Oil Corporation Limited has reported a Rs. 716.82-crore net profit for the third quarter of financial year 2018-19. This is a 90.91-per cent fall compared to the Rs. 7,883.22-crore net profit reported during the corresponding quarter of previous fiscal.

Of the 24.72 crore active LPG domestic customers, just 1.03 crore, or 4 per cent, have responded to Prime Minister Narendra Modi’s appeal to voluntarily give up their LPG subsidy.

China-led Asian Infrastructure Investment Bank (AIIB) expects the cost of infrastructure financing in India to increase over the next one year.

Venezuela’s government struck back at self-declared interim president Juan Guaido on Tuesday, with the Supreme Court imposing a travel ban and freeze on his bank accounts despite a warning from Washington of “serious consequences” if it did so.

Of the 24.72 crore active LPG domestic customers, just 1.03 crore, or 4 per cent, have responded to Prime Minister Narendra Modi’s appeal to voluntarily give up their LPG subsidy.

Indian Oil Corp (IOC) is seeking a commissioning cargo for its new Ennore liquefied natural gas (LNG) terminal in South India, two industry sources said on Wednesday.

Investors with a short-term perspective can consider selling the stock of Chennai Petroleum Corporation at current levels. The stock tumbled 5.8 per cent accompanied by above-average volume breaking below a key support level of Rs. 257 on Monday. Since encountering a key resistance at Rs. 477 in November 2017, the stock has been in an […]