Oil India’s New Profit Engine
Ranjit Rath takes to new techniques to monetise discoveries, upgrades infrastructure, boosting the market cap of the Maharatna CPSE.
Ranjit Rath takes to new techniques to monetise discoveries, upgrades infrastructure, boosting the market cap of the Maharatna CPSE.
Of the stocks included in the Nifty Oil & Gas index,13 are on the rise today, with Adani Total Gas and Oil India up 4.10% and 2.52%, respectively.
These comments come ahead of the COP28 summit on climate change in the U.A.E.
Merchandise imports for October shot up 12.3% to $65.03 billion, as compared to $57.91 billion in October 2022.
HPCL shares have gained nearly 26% in the last ten sessions, inching close to its 52-week high of ₹309.85 touched on July 26, 2023.
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
OMCs such as IOCL, BPCL, and HPCL are likely to swing back to the black, thanks to sharp narrowing of marketing losses on retail fuels and steady GRMs.
Shares of CPCL and MRPL tumbled nearly 10%, while ONGC, OIL, Reliance, IOC, Gujarat Gas, and Indraprastha Gas dropped up to 5% due to sharp decline in international crude prices.
ONGC Videsh has a significant presence in the oil and gas sector in Colombia.
Govt says timely interventions on multiple fronts have led to a falling trend in edible oil prices.