{"id":369556,"date":"2020-08-24T11:27:47","date_gmt":"2020-08-24T05:57:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=369556"},"modified":"2020-08-24T12:07:14","modified_gmt":"2020-08-24T06:37:14","slug":"oil-india-logs-2nd-quarterly-loss-in-history-on-slump-in-oil-prices-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-india-logs-2nd-quarterly-loss-in-history-on-slump-in-oil-prices-2\/","title":{"rendered":"Oil India logs 2nd quarterly loss in history on slump in oil prices"},"content":{"rendered":"<p>Oil India Ltd, the nation\u2019s 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 Rs 248.61 crore in first quarter of 2020-21 fiscal as compared to a net profit of Rs 624.80 crore in the same period of the previous financial year. <\/p>\n<p>\u201cThis is the second quarterly loss in OIL history. We had a quarterly loss in 2018-19 fiscal,\u201d 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\u2019s 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 Rs 248.61 crore in first quarter of 2020-21 fiscal as compared to a net profit of Rs 624.80 crore in the same period of the previous financial year. \u201cThis is the second quarterly loss in OIL history. We had a quarterly loss in 2018-19 fiscal,\u201d OIL Director-Finance Harish Madhav said on Saturday. The loss was primarily due to price realised for oil [&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":[130,195,138],"tags":[],"class_list":["post-369556","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369556","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=369556"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369556\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=369556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=369556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=369556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}