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.
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October 2024
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June 2024
April 2024
December 2023
November 2023
July 2023
June 2023
Gasoline: Softer Demand Hurts
Macroscopic review of U.S. gasoline futures, copper futures, and lithium carbonate prices.
MAN Industries’ stock hits 52-week high on securing new order
MAN Industries received the largest-ever order of ₹1,850 crore from a global oil and gas firm.
Windfall tax on petroleum crude hiked 84% to ₹6,000 per MT
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.
Oil & gas, power, FMCG laggards in women in workforce
Healthcare, IT, Consumer Services have highest women representation in workforce. Overall women representation in Indian workforce an appalling 19%.
Diesel the culprit of India's oil demand growth in 2024: OPEC
In the first six months of 2024, the country's oil demand is projected to expand by an average of around 250 thousand barrels per day year-on-year.
OMCs Face Crude Shocks
State-owned oil marketing companies bore the brunt of high oil prices and suppressed marketing margins in FY23. Cheap Russian supply and softer crude oil prices may change the script in FY24.
ONGC plans to invest ₹1 lakh cr to set up petrochemical plants; stock hits 52-week high
ONGC shares have risen more than 50% from its 52-week low of ₹132.95 touched on November 22, 2022.
Oil stocks rally; BPCL, HPCL, IOC hit 52-week highs
Among other state-owned OMCs, Oil India, GAIL (India), ONGC shares surged up to 4% amid strong volume trade.
HPCL bags gas supply order from ONGC Petro Additions
The oil company has secured an order from ONGC Petro Additions Ltd (OPaL) for supply of natural gas to their mega petrochemical complex at Dahej.
