{"id":401793,"date":"2021-02-24T10:45:03","date_gmt":"2021-02-24T05:15:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=401793"},"modified":"2021-02-24T10:45:03","modified_gmt":"2021-02-24T05:15:03","slug":"rising-crude-prices-improving-prospects-for-ongc-oil-sustenance-holds-key","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rising-crude-prices-improving-prospects-for-ongc-oil-sustenance-holds-key\/","title":{"rendered":"Rising crude prices improving prospects for ONGC, OIL; sustenance holds key"},"content":{"rendered":"<p>Rising crude prices continue driving prospects for the upstream companies as ONGC and Oil India Ltd. Oil India, up about 44% on the bourses since its November lows, added about 4% to its gains on Tuesday. ONGC, the larger peer, too was up around 7% in today&#8217;s session, adding to more than 73% gains since the start of November.<\/p>\n<p>The rising crude prices bode well for the realizations of these companies and hence improve earnings outlook. With Diesel and petrol prices getting market-linked, these companies have no major subsidy burden to be shared with oil marketing companies now. Hence these companies are a pure-play on the crude oil price say analysts.<\/p>\n<p>The companies have witnessed regular improvement in quarterly performance too with rising realisations and normalised supplies post easing of lockdown.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rising crude prices continue driving prospects for the upstream companies as ONGC and Oil India Ltd. Oil India, up about 44% on the bourses since its November lows, added about 4% to its gains on Tuesday. ONGC, the larger peer, too was up around 7% in today&#8217;s session, adding to more than 73% gains since the start of November. The rising crude prices bode well for the realizations of these companies and hence improve earnings outlook. With Diesel and petrol prices getting market-linked, these companies have no major subsidy burden to be shared with oil marketing companies now. Hence these [&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-401793","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\/401793","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=401793"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401793\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=401793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=401793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=401793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}