ONGC to Invest $2 Billion in Mumbai Offshore to Boost Oil and Gas Output
India’s top oil and gas manufacturer ONGC will invest over $2 billion in coaching a record 103 wells on its key gas-bearing asset in the...
Search Results for: Crude Oil
ONGC, Oil India Shares Jump as Govt Slashes Windfall Tax
Shares of upstream oil companies, mainly Oil and Natural Gas Corporation (ONGC) and Oil India, rose 4% on the BSE in intraday trade on Thursday...
Oil India shares hit 8-month high on record quarterly profit in Q3FY23
Oil India’s shares rose 8.5% to an eight-month high of Rs 242 a share in intraday trade on Monday after the company posted its highest...
Reliance, BPCL Among Buyers of Russian Oil Using UAE Currency
Indian refiners, including Reliance Industries Ltd, Bharat Petroleum Corp Ltd and Nayara Energy Ltd, used the United Arab Emirates dirham to pay for the shipping...
Oil Falls 9% in 2 Days on Demand Concerns, Brent Down $79/Bbl
Oil rose due to broader market advances after tumbling around 9% over two sessions, having demand concerns enduring to hang over the market. West Texas...
Oil Declines to 11-Month Low as China COVID Unrest Rattles Markets
On Monday, oil prices dropped sharply to a nearly 11-month low as escalating protests in several major Chinese cities ramped up concerns over growing economic...
Oil Prices Fall 2% as Chinese Demand Worries
On Friday, Oil prices fell 2% in thin market liquidity amid concerns over Chinese demand and a Western debate over a cap on Russian oil...
Sensex, Nifty Rise on Lower Crude Prices, Stronger Rupee
Despite falling crude oil prices and a stronger rupee, Nifty bulls are indecisive today. The BSE Sensex opened 67.52 points or 0.11% higher at 61,212,...
Oil Prices Drop $1 on China Covid Surge and Firmer Dollar
On Monday, oil prices dropped, dragged down by a firmer US dollar. Meanwhile, increasing COVID-19 cases in China dashed hopes of reopening the economy for...
Oil Price Falls More Than 2% as China Sticks to Strict Zero-Covid Policy
Oil prices fell more than 2% at the start of Asian trading on Monday after Chinese officials reiterated their pledge to strictly control the coronavirus...