{"id":369510,"date":"2020-08-24T10:28:24","date_gmt":"2020-08-24T04:58:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=369510"},"modified":"2020-08-24T10:28:24","modified_gmt":"2020-08-24T04:58:24","slug":"oil-logs-%e2%82%b9249-crore-loss-in-q1-on-slump-in-oil-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-logs-%e2%82%b9249-crore-loss-in-q1-on-slump-in-oil-prices\/","title":{"rendered":"OIL logs \u20b9249 crore loss in Q1 on slump in oil prices"},"content":{"rendered":"<p>Oil India Ltd, the nation&#8217;s second largest state oil and gas producer, logged second quarterly loss in its history in April-June after crude oil prices slumped to lower than cost of production.<\/p>\n<p>OIL had a net loss of \u20b9248.61 crore in first quarter of 2020-21 fiscal as compared to a net profit of \u20b9624.80 crore in the same period of the previous financial year.<\/p>\n<p>&#8220;This is the second quarterly loss in OIL history. We had a quarterly loss in 2018-19 fiscal,&#8221; OIL Director-Finance Harish Madhav said on Saturday.<\/p>\n<p>The loss was primarily due to price realised for oil the company produced dropped to USD 30.43 per barrel in the June quarter as compared to USD 66.33 a barrel price realised a year back, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil India Ltd, the nation&#8217;s second largest state oil and gas producer, logged second quarterly loss in its history in April-June after crude oil prices slumped to lower than cost of production. OIL had a net loss of \u20b9248.61 crore in first quarter of 2020-21 fiscal as compared to a net profit of \u20b9624.80 crore in the same period of the previous financial year. &#8220;This is the second quarterly loss in OIL history. We had a quarterly loss in 2018-19 fiscal,&#8221; OIL Director-Finance Harish Madhav said on Saturday. The loss was primarily due to price realised for oil the company [&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-369510","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\/369510","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=369510"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369510\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=369510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=369510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=369510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}