{"id":404559,"date":"2021-03-12T10:07:21","date_gmt":"2021-03-12T04:37:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404559"},"modified":"2021-03-12T10:07:21","modified_gmt":"2021-03-12T04:37:21","slug":"crude-oil-prices-are-on-the-boil-and-many-sectors-stand-to-get-impacted","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-prices-are-on-the-boil-and-many-sectors-stand-to-get-impacted\/","title":{"rendered":"Crude oil prices are on the boil and many sectors stand to get impacted"},"content":{"rendered":"<p>Oil prices are rising and that\u2019s never a good thing for an oil importing country like India. Brent crude oil prices are flirting with $70 a barrel and have so far in 2021 increased by about 33%.<\/p>\n<p>Higher crude oil prices affect many sectors. For instance, strong oil prices bode well for producers such as Oil and Natural Gas Corp. Ltd (ONGC) and Oil India Ltd. Understandably, shares of ONGC and Oil India have increased by around 23%, each, so far this calendar year, versus about an 8.5% increase in the Nifty 100 index.<\/p>\n<p>As far as state-run oil marketing companies (OMCs) are concerned, as long as they keep passing on higher oil prices in the form of higher retail prices, there shouldn\u2019t be an issue. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices are rising and that\u2019s never a good thing for an oil importing country like India. Brent crude oil prices are flirting with $70 a barrel and have so far in 2021 increased by about 33%. Higher crude oil prices affect many sectors. For instance, strong oil prices bode well for producers such as Oil and Natural Gas Corp. Ltd (ONGC) and Oil India Ltd. Understandably, shares of ONGC and Oil India have increased by around 23%, each, so far this calendar year, versus about an 8.5% increase in the Nifty 100 index. As far as state-run oil marketing [&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-404559","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\/404559","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=404559"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404559\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}