Oil India, ONGC shares fall up to 23% in September; here’s why
The BSE Oil & Gas Index has seen a correction of 7% in September, amid sharp decline in crude oil prices.
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Oil stocks rise up 10%; Oil India, ONGC, HPCL lead rally
Shares of Oil India surged as much as 9.3%, while ONGC stock rallied as much as 9.5% as Brent crude oil futures edged lower.
Get ready for global turbulence: Uday Kotak
Higher U.S. inflation will keep rates higher for longer worldwide including India, warns Uday Kotak.
Oil prices jump 5% amid Israel-Gaza war
High crude oil prices will weaken the profitability of the three state-owned oil marketing companies in India, says Moody's.
Be 'pragmatic' amid crude production cuts: Petroleum minister tells OPEC
These production cuts have been made despite growing energy demand, says Hardeep Singh Puri.
Govt extends restrictions on export of petrol, diesel
Refiners must sell at least 50% of annual volume of petrol exports, 30% of diesel exports in India; move to ensure availability of refined fuel in India
Govt raises windfall tax on crude, diesel, aviation fuel
The tax rates are revised every fortnight based on prevailing international rates.
From CPI inflation to FPI trends: Five factors that may impact share market this week
A flurry of macroeconomic data including CPI, WPI, trade exports and imports, and trade deficit numbers will be released this week, which can set tone for Indian equities.
India to ignore the West, continue importing Russian crude to fight inflation
The country procures Russian oil at deep discount of around $15-20 a barrel.
Oil stocks up after OPEC+ agrees on deep crude output cut
Crude oil rises to nearly a three-week high; key oils stocks trade in positive territory as OPEC+ decides to cut output by 2 mn barrels/day.
