Oil Stocks
Asia stocks slide, oil extends gains as tensions in Middle East rise
Japan's Nikkei slumped 1.5per cent as of 0022 GMT, while South Korea's KOSPI dropped 1.3per cent and Australia's benchmark lost 0.3 per cent
 "Asia stocks slide, oil extends gains as tensions in Middle East rise")
Oil India, ONGC dip up to 6% as crude oil prices fall on demand concerns
While upstream earnings are currently impacted, with the OPEC+ delaying its planned rise in production, analysts at Prabhudas Lilladher expect oil prices to rebound to $75-80 per barrel soon.
 "Oil India, ONGC dip up to 6% as crude oil prices fall on demand concerns")
Oil India stock rallies 5%, hits new high ahead of 1:2 bonus; ONGC up 2%
The board of Oil India has fixed Tuesday, July 2, 2024 as record date to determine the eligibility of shareholders to receive bonus shares in the ratio of 1:2.
 "Oil India stock rallies 5%, hits new high ahead of 1:2 bonus; ONGC up 2%")
Gandhar Oil Refinery makes robust debut; stock zooms 104% over issue price
The initial public offer (IPO) of Gandhar Oil Refinery had received good response from the investors and was subscribed 65.63 times.
 "Gandhar Oil Refinery makes robust debut; stock zooms 104% over issue price")
TMS Ep550: Tech recruitment, third largest economy, oil stocks, OBCs
Is there light at the end of the tunnel for tech sector workers? What will India becoming the third largest economy mean for you? Should you buy stocks of oil explorers? Who are the OBCs? Answers here
 "TMS Ep550: Tech recruitment, third largest economy, oil stocks, OBCs")
BPCL, HPCL, IOC can rally up to 10% from here. Check key levels to track
These stocks can gather steam provided crude prices soften and the government policies remain supportive. Here are the key levels one needs to monitor for these stocks.
 "BPCL, HPCL, IOC can rally up to 10% from here. Check key levels to track")
Stocks to Watch Today: Adani Group, UltraTech, Auto, Sugar, ONGC, Blue Star
Stocks to Watch: On the earnings front, Ambuja Cements, Adani Total Gas, PSB, Tata Steel and Uco Bank are likely to be on investors radar on Tuesday.
 "Stocks to Watch Today: Adani Group, UltraTech, Auto, Sugar, ONGC, Blue Star")
Oil & Gas shares in focus: MGL hits 52-week high; ONGC, IGL jump up to 3%
The Government of India has accepted several key recommendations made by the Kirit Parikh Committee with respect to the pricing of natural gas produced from the APM fields.
 "Oil & Gas shares in focus: MGL hits 52-week high; ONGC, IGL jump up to 3%")
Risks to the market rally are rising; oil stocks a good bet: Chris Wood
Energy-related stocks remain the best hedge against a Ukraine-triggered spike in energy / oil prices, Wood said
 "Risks to the market rally are rising; oil stocks a good bet: Chris Wood")
Charts indicate robust bias for RIL, ONGC amid GST inclusion hopes
Oil & Natural Gas Corporation and Reliance Industries can rise up to 8 per cent
 "Charts indicate robust bias for RIL, ONGC amid GST inclusion hopes")
Shares of ONGC, Oil India fire up as govt slashes windfall tax sharply
The reduction of windfall tax will reduce cess of domestic oil production companies like ONGC and Oil India.
 "Shares of ONGC, Oil India fire up as govt slashes windfall tax sharply")
Reliance Industries gains 1% post December quarter earnings
The Mukesh Ambani-led RIL has cautioned against the impact of global economic headwinds on energy demand, in its post-results conference call.
 "Reliance Industries gains 1% post December quarter earnings")
Podcast: What will guide oil prices in 2023?
From the high of $120 per barrel in June to the low of $75 per barrel in December, Brent crude oil prices have literally gone up and down. What will guide oil prices in 2023?
 "Podcast: What will guide oil prices in 2023?")
ONGC, Oil India jump up to 3% on sharp cut in windfall tax
The tax on crude oil produced by firms such as state-owned ONGC was reduced to Rs 4,900 per tonne from Rs 10,200 per tonne w.e.f December 02, 2022.
 "ONGC, Oil India jump up to 3% on sharp cut in windfall tax")
Analysts see pressure on RIL, OMC's profitability amid firm oil prices
Their expectation is based on the recent action in October by the OPEC of cutting production by 2 million barrels per day. This suggests that the OPEC is looking to defend price, they said
 "Analysts see pressure on RIL, OMC's profitability amid firm oil prices")
ONGC up 3%, hits 4-month high post Q2 nos; board okays 35% interim dividend
Current trend in global oil & gas prices augurs well for ONGC, according to analysts.
 "ONGC up 3%, hits 4-month high post Q2 nos; board okays 35% interim dividend")
Stocks to Watch: IRCTC, McLeod Russel, Sugar, Adani Ports, Gail, Dish TV
Stocks to Watch Today: Oil related shares are likely to be in focus on Tuesday as the oil ministry sought a review of the windfall profit tax on domestically produced crude oil.
 "Stocks to Watch: IRCTC, McLeod Russel, Sugar, Adani Ports, Gail, Dish TV")
Oil stocks surge as govt cuts windfall tax on fuel exports, RIL up 4%
Petrol and diesel prices are down by $40-50 per barrel from month-ago levels
 "Oil stocks surge as govt cuts windfall tax on fuel exports, RIL up 4%")
Amid falling global prices, edible oil players see demand uptick
Inflationary trends led by edible oil prices had hurt both household and industrial demand for soft and hard oils in Q1
 "Amid falling global prices, edible oil players see demand uptick")
FPIs raise the ante by driving up allocation to oil & gas, auto stocks
FPIs increased their allocations to the oil and gas sector by 44 bps and the power sector by 21 bps
 "FPIs raise the ante by driving up allocation to oil & gas, auto stocks")
