Category: Oil & Gas

Russia will increase oil exports through its western ports in March by almost 200,000 barrels per day (bpd) against the monthly plan to 2.15 million bpd, and market participants expect a further increase in exports amid ongoing drone attacks on Russian refineries. On a daily basis shipments will increase by 10% compared to the initial […]

Oil prices ticked up in early Asian trading on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening. Brent crude oil futures for May delivery inched up 3 cents to $85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate (WTI) […]

NEW DELHI: Shares of GAIL (India) Ltd. traded 1.58 per cent up in Monday’s trade at 10:20AM (IST). Around 281,497 shares changed hands on the counter. The stock opened at Rs 174.25 and touched an intraday high and low of Rs 177.55 and Rs 173.3, respectively, in the session so far. The stock of GAIL […]

ICICI Securities has buy call on Hindustan Petroleum Corporation with a target price of Rs 625. The current market price of Hindustan Petroleum Corporation Ltd. is Rs 463.45. Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 65806.46 Crore) operating in Gas & Petroleum […]

Equity indices declined over half a percent on Friday amid weak global market trends. The 30-share Sensex declined 453 points to settle at 72,643 and the Nifty dropped 123 points at 22,023. Stocks that were in focus included names like OIL, which fell 4.04%, IOC, which declined 5.25%, and BPCL, whose shares dropped 4.15% on […]

Brokerage firm Morgan Stanley maintained an overweight rating on RIL and an overweight rating on Indian Oil Corporation (IOC). Sharekhan recommended a buy on ICICI Bank and ICICIdirect has a buy rating on PCBL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

India’s mainstream carmakers, from Maruti Suzuki to Hyundai and Tata Motors, are seeking to democratize the electric power train in personal mobility through the introduction of one electric car a month over the next two years, breaking consumer resistance over affordability through more mass-market choices than ever before. “The adoption of EVs in passenger vehicle […]

The government on Saturday invited bids for setting up electrolyser manufacturing capacities under the second tranche of the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme. The second tranche of the scheme entails a central financial assistance of ₹2,220 crore.

Petrol and diesel prices are the costliest in the country in Andhra Pradesh, Telangana and Kerala while it is cheapest in smaller states and UTs like Andaman & Nicobar Islands, Delhi and those in the North East, mainly due to differential in local sales tax or VAT rates, oil industry data showed. The three state-owned […]

The price cut of Rs 2 per litre for petrol and diesel by the state-run oil marketing companies (OMCs)–Indian Oil Corp. (IOCL), Hindustan Petroleum Corp. (HPCL) and Bharat Petroleum Corp. (BPCL)–will erode their revenue and ebitda, according to analysts. The government had announced the price cut with effect from March 15, a day before general […]

Kerosene consumption in the country has declined sharply by 26 per cent CAGR between 2013-14 and 2022-23, mainly due to government policies to promote clean energy. The latest ‘Energy Statistics India 2024’ of the National Statistical Office (NSO) stated, “The impact of energy policies of recent time is evident on the consumption of kerosene as […]

Oil prices edged lower on Friday but were on track to gain over 3% for the week, boosted by the International Energy Agency raising its 2024 oil demand forecast and an unexpected decline in U.S. stockpiles. Brent crude oil futures were down 47 cents or 0.6% to $84.95 a barrel at 1434 GMT, a day […]