{"id":395191,"date":"2021-01-14T11:12:02","date_gmt":"2021-01-14T05:42:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=395191"},"modified":"2021-01-14T11:12:02","modified_gmt":"2021-01-14T05:42:02","slug":"ongcs-performance-hinges-on-recovery-in-oil-realizations","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongcs-performance-hinges-on-recovery-in-oil-realizations\/","title":{"rendered":"ONGC\u2019s performance hinges on recovery in oil realizations"},"content":{"rendered":"<p>Rising crude oil prices have come as a ray of hope for ONGC as they are likely to support the company\u2019s net oil realization and in turn, earnings.<\/p>\n<p>In 2020, a drop in crude prices in the wake of the pandemic had dimmed the company\u2019s earnings prospects significantly. Brent crude oil future prices moved in the $37-40\/barrel range at the start of the December quarter. But prices are now trading close to 11-month highs with Brent above $50 per barrel. Sustaining the levels, however, remains crucial.<\/p>\n<p>ONGC\u2019s stock has gained about 60% since October, a sign that investors are noticing the change in prospects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rising crude oil prices have come as a ray of hope for ONGC as they are likely to support the company\u2019s net oil realization and in turn, earnings. In 2020, a drop in crude prices in the wake of the pandemic had dimmed the company\u2019s earnings prospects significantly. Brent crude oil future prices moved in the $37-40\/barrel range at the start of the December quarter. But prices are now trading close to 11-month highs with Brent above $50 per barrel. Sustaining the levels, however, remains crucial. ONGC\u2019s stock has gained about 60% since October, a sign that investors are noticing [&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-395191","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\/395191","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=395191"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395191\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=395191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=395191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=395191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}