Category: Oil & Gas

With an eye on Lok Sabha elections, Prime Minister Narendra Modi plans to conclude agriculture and energy deals with Argentina when he hosts President Mauricio Macri on a state visit between February 17 and 19. India hopes to benefit from Argentine agriculture sector, a strong pillar of local economy, besides tapping natural gas deposits in […]

LONDON: Oil rose for a third day on Thursday to reach its highest so far this year as financial markets drew support from investor optimism that the United States and China could resolve their trade dispute. The price of crude has risen 20 percent this year, driven primarily by the prospect of a decline in […]

SINGAPORE: OilNSE 1.15 % prices rallied on Friday, with Brent crude futures hitting fresh 2019 highs amid US sanctions against Venezuela and Iran and supply cuts led by the Organization of the Petroleum Exporting Countries (Opec). Brent pushed above $65 per barrel for the first time in 2019, before edging back to $64.91 a barrel […]

NEW DELHI: ONGCNSE 4.24 % is scheduled to report its December quarter results on Thursday and according to analysts, the refiner is likely to cut crude production guidance for FY19. Kotak Securities expects the refiner to report 7 per cent sequential drop in net profit at Rs 7,690 crore due to lower other income. Higher […]

Upstream oilNSE 1.15 % explorer ONGCNSE 4.24 % put up a solid quarterly show as profit grew 65 per cent year-on-year to Rs 8,263 crore for the quarter to December. That compares with a profit of Rs 5,014.67 crore in the same quarter last year. Oil and Natural Gas Corporation announced its quarterly earnings after […]

Oil and Natural Gas CorporationNSE 4.24 % (ONGC) on Thursday posted 64.77 per cent year-on-year rise in profit at Rs 8,262.70 crore for the quarter ended December 31. The oil major had posted a profit of Rs 5,014.67 crore in the corresponding quarter last year. Revenue of the company increased by 20.43 per cent YoY […]

ET Intelligence group: The proposal by a high-powered committee to the Ministry of Petroleum and Natural Gas (MoPNG) to withdraw the facility of allocating low-priced domestic gas is likely to impact city gas distributors (CGD) including Indraprashtra Gas (IGLNSE -1.58 %), Mahanagar Gas (MGLNSE 0.27 %), and Gujarat Gas. The proposal may result in 40-45 […]

NEW DELHI: Shares of ONGCNSE 4.24 % jumped over 6 per cent on Friday morning after the company posted 64.77 per cent year-on-year rise in profit at Rs 8,262.70 crore for the quarter ended December 31. The scrip hovered at Rs 139 up 5.22 per cent at around 09:48 am while the benchmark BSE Sensex […]

SINGAPORE: OilNSE -1.24 % prices rose on Thursday, buoyed by hopes that potential progress in the latest Sino-US tariff talks would improve the global economic outlook. US West Texas Intermediate (WTI) crude futures were at $54.15 per barrel at 0204 GMT, up 25 cents, or 0.5 per cent, from their last settlement. They closed up […]

WASHINGTON: America’s tough-talking National Security Adviser John Bolton has warned countries, including India, against buying Venezuelan oil, saying nations and firms that support the embattled President Nicolas Maduro’s “theft” will “not be forgotten”. Bolton’s warning through a tweet on Tuesday came a day after Venezuelan Oil Minister and President of the Latin American state-run oil […]

NEW DELHI: The government has constituted a Group of Ministers (GoM) to examine the key upstream reforms including total freedom for gas pricing as recommended by a Niti Aayog-led panel. The panel — set up in October after rocketing oil prices and a battered rupee inflated the import bill and drew government’s attention back to […]

SINGAPORE: Oil prices rose by around 1 per cent on Wednesday as producer club OPEC said it had deeply cut supply in January and as US sanctions hit Venezuela’s oil exports.