Page 2 - Oil Stocks

PSUs face further investment apathy; privatisation may struggle: Analysts

The bulk of the earnings reduction over the past two months for the Nifty-50 index, according to KIE, has come from the government's decision to levy new taxes

Damocles Sword on oil stocks: Is it time for you to rethink your position?

The government has levied Rs 6 per litre tax on ATF and petrol exports and imposed Rs 13 per litre tax on diesel exports

Crude Oil slumps 6%; ONGC, Oil India, Adani Total tumble up to 17%

Oil prices tumbled about 5 per cent to a three-week low on Friday, as investors feared that interest rate hikes from major central banks could slow the global economy and cut demand for energy.

JP Morgan sees RIL at Rs 3170 in a year; upgrades stock to overweight

The brokerage firm cites a positive earnings revision cycle ahead, given the strong refining and gas environment, for the ratings upgrade.

Oil India surges 15% in three days on strong March quarter results

Analysts remain bullish on prospects of the company due to increase in crude price realisation and improvement in domestic gas price realisation.

CPCL hits over four-year high; zooms 164% in 7 weeks on strong earnings

In Q4FY22, CPCL reported four-fold jump in its consolidated net profit at Rs 1,002 crore as against Rs 242 crore in Q4FY21.

MRPL hits highest level since Oct 2018, rallies 34% in four trading days

For Q4FY22, MRPL reported standalone net profit of Rs 3,008 crore as against profit of Rs 268 crore in Q4FY21.

World Bank welcomes India's move of selling oil from its stockpiles

World Bank President David Malpass has welcomed India's move to begin selling oil from its stockpiles

Oil markets open slightly lower as market weighs mixed supply signals

Oil futures were down slightly Thursday morning, after rising sharply in the first half of the week, as traders weighed a larger-than-expected build in U.S. oil stocks

Stocks to Watch: Vodafone Idea, Emami, JK Cement, CIL, Airlines, OMCs

FMCG major Emami has acquired a 19 per cent equity stake in direct-to-consumer (D2C) nutrition firm Tru Native F&B Pvt Ltd.

Base metals set for best-ever week as war stokes shortage fears

Commodities markets from metals to oil and gas have been upended by the war in Ukraine as big corporates withdraw from Russia

Gold hits near nine-month high as Russia-Ukraine standoff worsens

Gold hits near nine-month high on Tuesday, as the Eastern Europe situation intensified after Russia ordered troops into breakaway regions of eastern Ukraine, supporting demand for safe-haven bullion.

Stocks slip, oil jumps as Russia orders troops into Ukraine regions

Oil jumped to a seven-year high, safe-havens rallied and US stock futures dived on Tuesday after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine.

Oil prices recoup losses as Russia-Ukraine tensions stay high

Oil prices recover losses on Wednesday as investors considered conflicting statements on possible withdrawal of some Russian troops around Ukraine amid tight global supplies and recovering fuel demand

Oil prices regain losses as Russia-Ukraine tensions ease

Oil prices recovered losses on Wednesday after slipping over 3% in the previous session, as investors gauge easing of Russia-Ukraine tension against tight global supplies and recovering fuel demand.

Oil hits $95: Buy paint, tyre stocks on dips, avoid aviation, say analysts

Oil prices climbed towards their highest levels in more than seven years on Monday on fears that a possible invasion of Ukraine by Russia could trigger sanctions (on the latter) from US and Europe

Oil India hits over 3-yr high amid soaring crude prices; up 38% in 1 month

Separately, the stock of ONGC was up 2% at Rs 144.90 today and was trading at its highest level since November 2109

Oil steady; US gasoline demand offsets China move to tap oil stocks

Oil prices eased on Thursday on China's plan to release state oil reserves to reduce pressure on domestic refiners and a smaller than expected US weekly crude draw

Biggest sovereign wealth fund puts oil stocks on notice

Norway is now taking another look at the mandate handed to its wealth fund, the world's biggest

Petrol price hike on cards post election outcome? Here's how to trade OMCs

The OMC stocks needs to cross and sustain crucial supports to gain on follow-up momentum.