Category: Oil & Gas

New Delhi: Close on the heels of receiving approval from the Petroleum and Natural Gas Regulatory Board (PNGRB), the Indian Gas Exchange (IGX) has launched contracts for small-scale Liquefied Natural Gas (ssLNG) on its platform in a bid to address the demand for fuel in areas not connected to the national gas grid. “The introduction […]

India’s top gas marketer GAIL aims to become a global liquefied natural gas (LNG) trader as the expanding market fuels new business opportunities. “We plan to ramp up our LNG trading business. We began with sourcing LNG cargoes for ourselves and have expanded to sourcing cargoes for some other Indian companies. Now we plan to […]

Oil prices steadied in Asian trading on Tuesday, after falling in the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East. Global benchmark Brent crude oil futures traded 4 cents higher at $87.39 a barrel by 0153 GMT, and U.S. West Texas Intermediate crude futures also gained 4 […]

Shares of GAIL (India) Ltd. traded 1.23 per cent down at Rs 199.5 on Monday at around 02:09PM (IST), while the benchmark BSE Sensex advanced 406.44 points to 73494.77. As many as 3,027,367 shares changed hands on the counter with a total value of Rs 60.32 crore.

Mukesh Ambani-led conglomerate Reliance Industries on Monday reported a 2% fall in its consolidated net profit at Rs 18,951 crore for the quarter ended March 2024. It was Rs 19,299 crore in the year-ago period. ETNOw had predicted PAT at Rs 18,227 crore. Revenue from operations surged 11% year-on-year to Rs 2.4 lakh crore in […]

Reliance Industries (RIL) on Monday announced its quarterly earnings for January-March period where it became the first Indian company to cross the Rs 1 lakh crore threshold in pre-tax profits. The company also recorded annual consolidated revenue of Rs 10 lakh crore, which was up by 2.6% on a year-on-year basis (YoY). The oil-to-chemicals conglomerate […]

Oil-to-chemicals conglomerate Reliance Industries (RIL) on Monday declared a dividend of Rs 10 per share for the financial year ended March 31, 2024. The company will inform about the date from which the dividend will be paid in due course, RIL said in its filing to the exchanges. Earlier last fiscal, it had already paid […]

After billionaire Mukesh Ambani-led conglomerate Reliance Industries (RIL) reported largely in-line earnings for the March quarter, driven by an improvement in O2C throughput, brokerages have increased target prices amid positive comments from the management around capex moderation and hints of potential telecom tariff hikes. RIL shares, which have gained around 14% in the calendar year […]

Oil prices fell at Asia’s open on Monday, dragged down by a renewed focus on market fundamentals, as Israel and Iran played down the risks of an escalation of hostilities in the Middle East after Israel’s apparently small strike on Iran. Brent futures fell 54 cents, or 0.6%, to $86.75 a barrel by 1218 GMT.

Shares of the Indian Oil Corporation Ltd. traded at Rs 171.5 on BSE at 10:10AM (IST) on Monday, up 2.91 per cent from previous close. The scrip quoted a 52-week low price of Rs 77.86 and a high of Rs 196.8.

India’s leading conglomerate Reliance Industries Ltd (RIL) will announce its fourth quarter results today later in the day and analysts expect healthy numbers for the company despite a dip in profitability. Segment wise, the company is likely to see a strong growth in its retail and telecom business.

Oil and LNG prices are expected to increase significantly if Iran decides to block the Strait of Hormuz, through which countries such as India import crude oil from Saudi Arabia, Iraq and UAE, resulting in a surge in inflation, analysts said on the Iran-Israel conflict.