Oil & Gas

Likhitha on April 3, clarified that there is no event or information including impending announcement, need to be reported by the company which may have a bearing on the price of the company's scrip.

The government has reduced the excise duties on petrol and diesel by ₹10 per litre each, bringing them down to ₹3 per litre of petrol and zero per litre of diesel

The Islamic Revolutionary Guard Corps (IRGC) has announced the closure of the Strait of Hormuz (SoH), warning that any vessel attempting to transit the waterway would be targeted

The prospects for OIL and ONGC may improve - with volume growth, stronger gas realisations and delta from refining/downstream subsidiaries likely aiding consolidated earnings momentum, say analysts.

Motilal Oswal expects its coverage universe to report a 4 per cent Y-o-Y decline in sales in Q3FY26, while Ebitda and PAT are projected to grow 16 per cent and 25 per cent Y-o-Y

According to Motilal Oswal Financial Services, the sector has also benefited from a series of regulatory and taxation reforms aimed at improving affordability and project viability

Oil & Gas stocks rally on D-Street: At 12:38 PM; BSE Oil & Gas was up 2.5 per cent, as compared to 0.42 rise in the BSE Sensex.

Oil India stock was trading 5 per cent lower at ₹403.55 per share compared to the previous day's close of ₹425.1 per share on the NSE

At the AGM in 2024, Mukesh Ambani-controlled RIL guided for 2x growth in its business by 2030, with JIO and Retail envisaged to double over the next three-four years

The Nifty Oil & Gas index is seen testing the 200-DMA support on charts; break below the same could weigh on the sentiment at Reliance, ONGC and Oil marketing companies counters.

Oil & Gas stocks declined in trade after US President Donald Trump threatened to raise tariffs in Indian imports over the purchase of a "massive" amount of Russian crude oil

Oil and gas stocks rallied on the BSE, led by Oil India, HPCL, BPCL, IOC, and ONGC, which rose over 1-5 per cent amid sector optimism

The Nifty Oil & Gas index is approaching its 200-DMA after a gap of six months, breakout can lead the index to 12,450 levels; suggests technical charts. Here are 3 oil & gas stocks poised for a rally.

The BSE Oil & Gas index touched intraday high of 26,551.71, up 3.12 per cent from previous session's close of 25,746.71. HPCL, BPCL, IOC were among the top gainers in trade on April 29, data shows

Analysts recommend placing bets on rate-sensitives, hospitals, and power utility stocks

As of 09:22 AM; the BSE Oil & Gas index was up 1.7 per cent, as compared to 0.68 per cent rise in the BSE Sensex.

Mining major Vedanta Group chairman Anil Agarwal on Tuesday announced that it will pump in Rs 50,000 crore in Assam and Tripura's oil and gas sector over the next 3-4 years. Speaking at the inaugural function of the Advantage Assam investment summit here, he said group firm Cairn Oil & Gas has already invested around Rs 2,500 crore in the two states of the northeast region. "Assam has abundant natural resources and potential to become the world's mega basin. We are poised to play a pivotal role in Assam's sustainable growth and development," he said. Agarwal said that the company has firmed up plans to "invest Rs 50,000 crore in Assam and Tripura's oil and gas sector over the next 3-4 years". "With such an investment, we will produce 1,00,000 barrels of oil and gas per day, making the region a dominant hydrocarbon hub. It will also create direct and indirect employment opportunities for 1 lakh youths," he added.

Collaborations and partnerships are clearly the way forward, and the energy sector is no exception.

The death toll in a fire at the Indian Oil Corporation (IOCL) refinery in Gujarat's Vadodara city has gone up to two, while another injured person was undergoing treatment, police said on Tuesday. The fire that began on Monday afternoon with a blast in a benzene storage tank of the refinery later spread to two other adjoining tanks, Jawahar Nagar police station inspector A B Mori said. The blaze was brought under control after efforts which continued till the wee hours of Tuesday, he said. Two persons -- Dhimant Makwana and Shailesh Makwana -- died in the fire. An IOCL official received injuries and was undergoing treatment at a private hospital, Mori said. The condition of the injured person was stable, he said. The blaze was brought under control after extensive efforts involving several fire tenders brought in from nearby cities and towns, officials said. The blast occurred at the IOCL refinery located in Koyali area on the outskirts of Vadodara which triggered the blaze, an .

The United Arab Emirates opened its annual oil-and-gas summit on Monday with pledges to increase energy output even as global prices have fallen and world politics remain uncertain ahead of the US presidential election. The massive Abu Dhabi International Petroleum Exhibition and Conference comes after the UAE just last year hosted the United Nations COP28 climate talks. Those talks ended with a call by nearly 200 countries to move away from planet-warming fossil fuels the first time the conference made that crucial pledge. But the UAE as a whole still plans to increase its production of oil to 5 million barrels a day in the coming years as it pursues more cleaner energies at home. Meanwhile, UAE officials have made a point to dodge any questions about the US election while maintaining their close ties to Russia despite Moscow's war on Ukraine. Allow me to say that we in the United Arab Emirates will always choose partnership over polarisation, dialogue over division and peace ove