{"id":347677,"date":"2020-04-21T10:37:45","date_gmt":"2020-04-21T05:07:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=347677"},"modified":"2020-04-21T11:14:12","modified_gmt":"2020-04-21T05:44:12","slug":"oil-exploration-stocks-dive-sharply-on-sub-zero-oil-price","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-exploration-stocks-dive-sharply-on-sub-zero-oil-price\/","title":{"rendered":"Oil exploration stocks dive sharply on sub-zero oil price"},"content":{"rendered":"<p>Shares of oil exploration companies such as Reliance Industreis, ONGC, Selan Exploration, Hindustan Oil Exploration and Oil India plunged in the range of 3-10 per cent in early trade on Tuesday, as NYMEX crude oil prices plunged a historic minus $36\/barrel.<\/p>\n<p>Due to its own share of issues regarding storage and lack of demand, WTI May futures crashed to a low of negative $36.9\/bbl on Monday night before recovering to negative 1.6\/bbl. Global crude oil benchmarks are at nearly two-decade lows as less than 90 per cent of the world is under lockdown, with economies at a complete standstill.<\/p>\n<p>The stock of Reliance Industries edged down about three per cent at \u20b91,205.60; ONGC crashed 5.8 per cent at \u20b969.75; Oil India tumbled 6.5 per cent at \u20b984.70; Selan Exploration and Hindustan Oil Exploration slumped 5 and 10 per cent respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of oil exploration companies such as Reliance Industreis, ONGC, Selan Exploration, Hindustan Oil Exploration and Oil India plunged in the range of 3-10 per cent in early trade on Tuesday, as NYMEX crude oil prices plunged a historic minus $36\/barrel. Due to its own share of issues regarding storage and lack of demand, WTI May futures crashed to a low of negative $36.9\/bbl on Monday night before recovering to negative 1.6\/bbl. Global crude oil benchmarks are at nearly two-decade lows as less than 90 per cent of the world is under lockdown, with economies at a complete standstill. The [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-347677","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347677","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=347677"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347677\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=347677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=347677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=347677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}