Page 2 - Oil Producers

Oil prices soar as Western sanctions and pressures on Russia mount

Brent crude rose $4.16, or 4.3%, to $102.09, at 0915 after hitting a high of $105.07 a barrel in early trade

Oil soars as Russia puts nuclear forces on alert, bank sanctions bite

At 0643 GMT Brent crude futures were up $4.69, or 4.8%, at $102.62, after hitting a high of $105.07 a barrel in early trade

Oil retreats, but still above $100; no supply shocks for India

Brent crude oil surged past USD 105 per barrel on Thursday for the first time since August 2014, following Russia's invasion of Ukraine

India dials oil producers to raise output as Brent tops $90 a barrel

The high prices mean pressure on OMCs to raise domestic auto fuel prices, a move that has been kept in abeyance in light of looming assembly elections in five states

Oil prices edge lower, tracking biggest weekly gain since late August

MELBOURNE/BEIJING (Reuters) -Oil prices dipped on Friday, but were still on track to their biggest weekly gain since late August, as the easing concerns over the Omicron coronavirus variant on global growth and fuel demand drove market sentiment.

Rising energy prices spell gains for oil producers

ONGC, Oil India stand to gain, but downstream players may feel the heat

Oil in dangerous waters

Data for the financial year 2020-21 revealed that domestic oil production fell again by 5% to 30.5 mn tonnes. This is the lowest in this century

Expect pickup of upstream oil producers' profitability in FY22: Ind-Ra

Profitability of upstream oil producers is expected to pick up in FY22, ratings agency India Ratings and Research said

In oil-rich Iraq, a few women buck norms, don hard hats at rig sites

The women, both 24, are among just a handful who have eschewed the dreary office jobs typically handed to female petroleum engineers in Iraq

Saudi Arabia plans to increase oil output amid recovery in prices

World's largest oil exporter plans to reverse recent unilateral production cut, signalling confidence in recovery

Exxon, Chevron CEOs discussed merger in early 2020, talks no longer active

The CEOs of ExxonMobil Corp and Chevron Corp held preliminary talks in early 2020 to explore combining the two largest US oil producers in what would have been the biggest merger of all time

Oil India makes natural gas discovery in Assam's Tinsukia

On testing, it produced gas at the rate of 115,000 standard cubic meters per day

Oil India Q2 net profit drops 42% to Rs 381 crore on blowout expense

Out of Rs 227.51 crore, Rs 134.12 crore has been booked during September quarter.

ONGC invites bids to boost production in ageing oil and gas fields

All the oil and gas produced will belong to ONGC and anyone interested has until December 1, 2020 to respond

Head versus heart

This is a false dichotomy, the Indian economy can be rebooted and the Covid-19 virus contained concurrently

OMCs on stronger wicket, oil producers stare at losses as crude plunges

Refiners like Reliance Industries may also see inventory losses adding pressure on already weak refining margins

A responsible consumer

Strategic oil reserve is an important tool during ongoing crisis

Top headlines: Steel firms struggle, state finances to take a hit, and more

From Uber and BigBasket joining hands to deliver essentials, oil producers seeking relief from govt to venture capitalists warning start-ups, Business Standard brings you top headlines of the day

Why equities will remain in favour

The global equity markets overall may prove directionless in 2020, but individual stocks still look capable of powering ahead. Investors will need to focus on stock-picking

OPEC+ faces 'major challenge' from competitors' surging output: IEA

"The OPEC+ countries face a major challenge in 2020 as demand for their crude is expected to fall sharply," the Paris-based agency said in a monthly report