{"id":291947,"date":"2019-09-17T05:24:25","date_gmt":"2019-09-17T05:24:25","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=291947"},"modified":"2019-09-17T05:24:25","modified_gmt":"2019-09-17T05:24:25","slug":"india-adds-a-twist-in-the-tale-as-oil-stock-prices-adjust-to-saudi-shock","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-adds-a-twist-in-the-tale-as-oil-stock-prices-adjust-to-saudi-shock\/","title":{"rendered":"India adds a twist in the tale as oil stock prices adjust to Saudi shock"},"content":{"rendered":"<p>Mumbai: The drone attacks on Saudi Arabia\u2019s oil infrastructure, which hit 5-6% of global oil supplies, have expectedly resulted in soaring oil prices. Brent crude futures were up 10.8% at $66.7\/barrel at the time of writing.<\/p>\n<p>Investors in Oil and Natural Gas Corp. Ltd (ONGC) and Oil India Ltd should have been counting their petrodollars. After all, every $1 increase in Brent crude prices results in a 2.5-2.9% increase in annualised earnings per share for these companies, according to calculations by Jefferies India Pvt. Ltd. Monday\u2019s $6.5 rally in crude prices should, by that estimate, result in a 16-19% boost to their earnings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The drone attacks on Saudi Arabia\u2019s oil infrastructure, which hit 5-6% of global oil supplies, have expectedly resulted in soaring oil prices. Brent crude futures were up 10.8% at $66.7\/barrel at the time of writing. Investors in Oil and Natural Gas Corp. Ltd (ONGC) and Oil India Ltd should have been counting their petrodollars. After all, every $1 increase in Brent crude prices results in a 2.5-2.9% increase in annualised earnings per share for these companies, according to calculations by Jefferies India Pvt. Ltd. Monday\u2019s $6.5 rally in crude prices should, by that estimate, result in a 16-19% boost [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-291947","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=291947"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291947\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=291947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=291947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=291947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}