{"id":567977,"date":"2023-04-05T09:29:03","date_gmt":"2023-04-05T03:59:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=567977"},"modified":"2023-04-05T09:46:09","modified_gmt":"2023-04-05T04:16:09","slug":"ongc-oil-india-surge-up-to-6-as-oil-prices-rise-post-opec-output-cut","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-oil-india-surge-up-to-6-as-oil-prices-rise-post-opec-output-cut\/","title":{"rendered":"ONGC, Oil India surge up to 6% as oil prices rise post OPEC+ output cut"},"content":{"rendered":"<p>Shares of upstream oil and gas companies, Oil and Natural Gas Corporation (ONGC) and Oil India, surged up to 6 per cent on the BSE in Monday&#8217;s intra-day trade after oil prices rose sharply after OPEC+ announced surprise output cuts.<\/p>\n<p>Among individual stocks, Oil India surged 6.2 per cent to Rs 267.45, while, ONGC rallied 4 per cent to Rs 157. In comparison, the S&amp;P BSE Sensex was down 0.02 per cent at 58,979 at 09:27 am.<\/p>\n<p>Brent oil futures jumped $5.16 to $85.05 a barrel, while US crude climbed $4.88 to $80.55 as reports suggested oil output would be cut by around 1.16 million barrels per day.<\/p>\n<p>The change comes before a virtual meeting of an OPEC+ ministerial panel, which includes Saudi Arabia and Russia,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of upstream oil and gas companies, Oil and Natural Gas Corporation (ONGC) and Oil India, surged up to 6 per cent on the BSE in Monday&#8217;s intra-day trade after oil prices rose sharply after OPEC+ announced surprise output cuts. Among individual stocks, Oil India surged 6.2 per cent to Rs 267.45, while, ONGC rallied 4 per cent to Rs 157. In comparison, the S&amp;P BSE Sensex was down 0.02 per cent at 58,979 at 09:27 am. Brent oil futures jumped $5.16 to $85.05 a barrel, while US crude climbed $4.88 to $80.55 as reports suggested oil output would be [&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":[135,130,169],"tags":[],"class_list":["post-567977","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/567977","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=567977"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/567977\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=567977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=567977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=567977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}