Category: Oil & Gas

Oil prices were little changed on Tuesday as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks while a slightly weaker U.S. dollar offered some support. Front-month Brent crude futures due to expire on Thursday were 11 cents down at $86.64 a barrel by 1415 GMT while […]

Oil prices fell for a second day on Wednesday after a report that crude stockpiles in the U.S., the world’s biggest oil user, surged and on signs major producers are unlikely to change their output policy at a technical meeting next week. Brent crude futures for May dropped 69 cents, or 0.8%, to $85.56 a […]

Shares of Indian Oil Corporation Ltd. traded 1.49 per cent up at Rs 170.0 on Wednesday at around 10:20AM (IST), while the benchmark BSE Sensex advanced 500.64 points to 72970.94. As many as 691,285 shares changed hands on the counter with a total value of Rs 11.77 crore.

NEW DELHI: Shares of GAIL (India) Ltd. traded 1.13 per cent up in Wednesday’s trade at 10:40AM (IST). Around 338,793 shares changed hands on the counter. The stock opened at Rs 182.85 and touched an intraday high and low of Rs 183.35 and Rs 181.55, respectively, in the session so far. The stock of GAIL […]

The petroleum and natural gas ministry is drawing up plans to offer free piped natural gas (PNG) connections and consumption subsidies to poor households to help its wider adoption on the lines of the Ujjwala scheme, which popularised liquefied petroleum gas (LPG) among the poor, said people familiar with the matter.

Power companies and refineries are doubling down on spot liquefied natural gas (LNG) as prices have hit a three-year low, according to industry officials aware of the development. LNG importers Gail, Gujarat State Petroleum Corporation (GSPC), Torrent Gas, Bharat Petroleum Corp (BPCL) and Indian Oil Corp (IOC), among others, are buying spot cargoes as the […]

Oil and Natural Gas Corp (ONGC) is planning to drill a well in Bihar this year to look for oil and gas. A commercial discovery will not just put the state on India’s oil map but also open up for exploration the entire Ganga basin stretching from Bihar to Uttar Pradesh and Punjab. Sushma Rawat, […]

Power companies and refineries are doubling down on spot liquefied natural gas (LNG) as prices have hit a three-year low, according to industry officials aware of the development. LNG importers Gail, Gujarat State Petroleum Corporation (GSPC), Torrent Gas, Bharat Petroleum Corp (BPCL) and Indian Oil Corp (IOC), among others, are buying spot cargoes as the […]

All of India’s refiners are now refusing to take Russian crude carried on PJSC Sovcomflot tankers due to US sanctions, further complicating the trade that has flourished since the invasion of Ukraine two years ago. Private and state-run processors including the biggest — Indian Oil Corp. — have stopped taking cargoes if they’re on Sovcomflot […]

Oil prices sank in early Asian trading on Friday on the possibility of a nearing Gaza ceasefire, which could loosen global supply, at the same time a stronger U.S. dollar and faltering gasoline dampened demand sentiment. Brent crude futures fell 18 cents to $85.60 a barrel by 0011 GMT. U.S. crude futures shed 19 cents […]

Oil prices were broadly steady on Thursday, shored up by a surprise U.S. crude stock drop and the U.S. Federal Reserve sticking to its outlook on rate cuts for the year. Brent crude futures for May were down 17 cents, or 0.2%, to $85.78 a barrel by 1359 GMT. They fell by 1.6% on Wednesday.

Shares of Indian Oil Corporation Ltd. traded 1.39 per cent higher in Friday’s session at 10:25AM (IST). The stock opened at Rs 165.8 and has touched an intraday high and low of Rs 167.15 and Rs 163.6, respectively, during the session so far. The stock quoted a 52-week high of Rs 196.8 and a 52-week […]