OIL India

Crude production rose 11 per cent Y-o-Y to 0.95 mmt, with the current run-rate higher at 11ktpd.

Oil India Ltd chairman and managing director Ranjit Rath is among more than half a dozen candidates who have applied for the top job at state-run Oil and Natural Gas Corp (ONGC), people familiar with the matter said. Rath, 54, is seeking the ONGC chairman and managing director's post for a second consecutive year after the government relaxed eligibility criteria, including the maximum age for the position. The Oil India chief was among the candidates shortlisted for the ONGC post last year, but the government chose to extend the tenure of incumbent Arun Kumar Singh by a year. Rath has headed Oil India, India's second-largest state-run oil and gas explorer, since August 2022. Others who have applied include ONGC Videsh Ltd managing director Rajarshi Gupta, who became eligible after the government raised the maximum entry age to 59 years. Gupta, 59, who is due to superannuate in July 2027, is the senior-most among all the internal candidates applying for the position. ONGC's direct

Jatin Gedia of Teji Mandi reckons that the Nifty, Bank Nifty have slipped back into the correction zone; he recommends buy on Oil India and Exide Industries.

Q1 earnings preview: ICICI Securities said that OMCs could report significant losses, driven by higher retail fuel losses, inventory losses and a sharp rise in LPG under-recovery.

State-owned Oil India expects its Rs 28,000 crore Numaligarh refinery expansion project to be operational by early 2027, tripling refining capacity to 9 million tonnes

The oil ministry is considering increasing the weightage of exploration activities in the performance assessment of upstream oil PSUs to boost domestic hydrocarbon discoveries

The partial reversal of royalty benefits and uncertainty over crude oil prices could weigh on earnings, though higher production and gas output remain supportive factors

Oil market companies (OMCs) gain, while upstream oil companies fall after brent crude oil prices fell

Oil India Ltd (OIL) and Canada's Petroleum Technology Research Centre (PTRC) have signed a collaboration framework to jointly explore carbon capture, geothermal energy and other clean energy technologies, the companies said. The agreement aims to deepen energy cooperation between India and Canada as both countries pursue energy transition and sustainability goals. The framework was signed on June 10 in Calgary between PTRC, a Saskatchewan-based not-for-profit energy research organisation, and OIL, a Maharatna public sector enterprise under India's Ministry of Petroleum and Natural Gas, the Indian firm said in a statement. The collaboration will focus on carbon capture, utilisation and storage (CCUS), geothermal energy, subsurface energy technologies, and innovation-led research, including engagement with mc2+, India's startup platform backed by the petroleum ministry. Areas of cooperation include utilisation and permanent storage of captured carbon dioxide through geological ...

Stocks to watch today: Oil India, ixigo, ZEEL, GE Vernova, Amber Enterprises, HCLTech, RailTel, Andhra Cement, Tata Steel, Tata Motors, among others, will be in focus today.

Oil India Limited has reported a second natural gas presence in its Andaman offshore block, strengthening prospects for future hydrocarbon exploration in the region

The state-run upstream company is exploring overseas assets across multiple geographies while expanding domestic exploration and deepwater partnerships

State-run upstream company reports higher crude oil production, record drilling activity and improved profitability during FY26

Q4FY26 company results: Firms including ata Motors Commercial Vehicles, Hindustan Petroleum, DLF, and TVS Holdings are also to release their January-March earnings today

Nifty closed below 24,000 on Tuesday after sharp intraday reversal. HDFC Securities sees 24,197 as resistance, and 23,800 as support level

Crude oil prices fell for a second day ‌on Wednesday on expectations that peace talks between the US and Iran may resume

Crude oil prices topped the $100 per barrel mark after the failure of ceasefire talks between the United States and Iran in Islamabad over the weekend to reach an agreement

ONGC and Oil India shares fell up to 4% as Brent crude dropped below $100 following a US-Iran ceasefire and easing tensions in the Strait of Hormuz.

Amid heightened geopolitical tensions and uncertainty in global oil markets, Oil India Ltd has significantly ramped up crude production from Rajasthan's Thar desert, achieving a record output of 1,202 barrels per day from the Jodhpur sandstone formation, officials said. The state-run company has increased production by around 70 per cent compared to last year's 705 barrels per day, marking a major milestone in efforts to boost domestic output and strengthen energy security. Officials said the crude oil produced in the Baghewala field in Jaisalmer is transported by tankers to Oil and Natural Gas Corporation (ONGC) facilities in Mehsana, Gujarat, from where it is sent via pipeline to the Koyali refinery operated by Indian Oil Corporation Ltd (IOCL). In the financial year 2025-26, Oil India's Rajasthan field recorded an annual production of 43,773 metric tonnes of crude oil, up from 32,787 metric tonnes in the previous year, reflecting strong growth driven by technological advancements

Nomura believes oil marketing companies (OMCs) are likely to face margin pressure after the government raised prices of aviation turbine fuel (ATF) and commercial liquefied petroleum gas (LPG)