Oil prices climbed for a fourth straight day to hit their highest in two and a half weeks on Thursday with U.S. crude, heating oil and jet fuel stocks growing tighter just as a wintry blast hits the United States. Brent crude futures were 32 cents, or 0.4%, higher at $82.52 by 1446 GMT, extending […]
Category: Oil & Gas
GAIL shares down 1.37% as Nifty drops
NEW DELHI: Shares of GAIL (India) Ltd. traded 1.37 per cent down in Thursday’s trade at 01:40PM (IST). Around 1,774,516 shares changed hands on the counter. The scrip opened at Rs 95.0 and touched an intraday high and low of Rs 95.85 and Rs 92.7, respectively, in the session so far. The stock of GAIL […]
Jio to provide managed services for IOCL for 5 years
The enterprise arm of Reliance Jio Infocomm Ltd, JioBusiness, will deploy and manage SD-WAN (Software Defined Wide Area Network) solutions for IOCL across its 7,200 retail outlets for a period of 5 years, the telco said in a statement Wednesday. It will provide these services across 28 states and 8 union territories. The companies didn’t […]
Indian Oil Corporation selects Jio for automation in retail business
Jio has won Indian Oil Corporation’s order for providing SD-WAN (software-defined wide area network) solution that will power the oil company’s retail automation and payment processing, daily price updates. Besides, it will power Remote Desktop Protocol (RDP) software and network monitoring with enterprise-grade connectivity, Quality of Service (QOS) and 24×7 support across 28 states and […]
Govt asks fertiliser firms to buy gas from spot market; move may help in saving over Rs 10k cr as subsidy
The government has asked fertiliser companies to buy natural gas from the spot or current market where prices are lower than the supplies that they have contracted to help save over Rs 10,000 crore in subsidy bills, according to sources. Fertiliser companies have been asked to float tenders to buy natural gas from the spot […]
Oil rallies on tight U.S. stocks as winter blast hits
Oil prices rose for a fourth straight day on Thursday with U.S. crude, heating oil and jet fuel stocks seen tight just as a chilly blast hits the United States and travel is set to soar for the holiday season. U.S. West Texas Intermediate (WTI) crude futures climbed 35 cents, or 0.5%, to $78.64 a […]
GAIL shares down 3.17% as Nifty drops
NEW DELHI: Shares of GAIL (India) Ltd. traded 3.17 per cent down in Wednesday’s trade at 02:05PM (IST). Around 1,028,369 shares changed hands on the counter. The scrip opened at Rs 98.0 and touched an intraday high and low of Rs 98.45 and Rs 94.5, respectively, in the session so far. The stock of GAIL […]
Buy GAIL (India), target price Rs 127: ICICI Securities
ICICI Securities NSE -0.55 % has buy call on GAIL NSE -2.05 % (India) Ltd. with a target price of Rs 127.The current market price of GAIL (India) is Rs 97.45.
Oil prices up as US crude stocks seen falling, dollar eases
Oil prices rose in early Asian trade on Wednesday as U.S. crude stocks were seen falling last week, while the dollar weakened, making oil less expensive for non-American buyers. Brent crude futures rose 8 cents to $80.07 per barrel by 0126 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 6 cents to $76.29.
GAIL shares drop 0.21% as Sensex falls
Shares of GAIL (India) Ltd. traded 0.21 per cent lower in Tuesday’s session at 12:43PM (IST). The stock opened at Rs 97.0 and has touched an intraday high and low of Rs 97.45 and Rs 96.0, respectively, during the session so far.
Deaths at Sea: Probe, fix responsibility in ONGC
A parliamentary panel has asked the government to initiate an impartial probe and fix accountability in ONGC for the 2021 accident off the Mumbai coast that killed 86. Western offshore was hit by the cyclone Tauktae during May 16-17, 2021. On May 17, 2021, Barge P-305, deployed by Afcons for work it was doing for […]
Petroleum and Natural Gas Regulatory Board wants petroleum product pipelines too within its ambit
The Petroleum and Natural Gas Regulatory Board (PNGRB) has undertaken a vital exercise to bring all petroleum product pipelines under its ambit, which will help determine their tariff and facilitate non-discriminatory third-party access to public sector oil companies’ pipelines.