Page 5 - Oil And Gas

ONGC to see $3 bn rise in earnings, Reliance $1.5 bn from gas price hike

Gas accounts for 58 per cent of domestic gas production for ONGC

Energy geopolitics and LNG

The Russia-Ukraine war has put the spotlight on the role of liquefied natural gas (LNG) in the global energy futures

Street factoring in Ukraine war-driven sustained spike in energy prices

Post hike in retail fuel prices and hopes of higher profitability have led to gains in stocks of oil and gas producers, and distribution companies

World stocks dip on war, recession worries, oil falls $2 on reserve release

MSCI's global share index fell 0.17% to 710.22, against a high of 724.49 hit on Wednesday, heading for little change on the week.

Commercial LPG price increases by Rs 250; will cost Rs 2,253 from today

This is the second hike in a month. With this, the 19 kg commercial cooking gas will now cost Rs 2,253. The commercial LPG was increased by Rs 105 on March 1.

Oil seesaws ahead of consumer nations' meeting on stocks release

U.S. West Texas Intermediate (WTI) crude futures dipped 6 cents to $100.22 a barrel at 0057 GMT after trading as high as $101.75. The contract slumped 7% on Thursday.

Biden spurs record emergency oil release in 'moment of peril' for world

Biden's 180 million-barrel release is equivalent to about two days of global demand, and marks the third time Washington has tapped the SPR in the past six months.

Biden to release of 1 mn barrels of oil a day to ease pump prices

Higher prices have hurt Biden's approval domestically, while also adding billions of oil-export dollars to the Russian war chest as it wages war on Ukraine

European stock markets set for biggest quarterly drop since 2020

Asian shares fell and oil prices plunged following news that the United States was considering releasing up to 180 million barrels from its strategic petroleum reserve

Asian stock markets ease, oil sinks as US weighs reserves release

MSCI's broadest index of Asia-Pacific shares outside Japan fe.ll 0.2%, led by a 0.7% drop for Hong Kong's Hang Seng. Japan's Nikkei fell 0.2%. Australia's resource-heavy index was up 0.4%.

Europe told to turn down the heating in Russia gas standoff

"There is absolutely no need to apply this guidance in the UK," a government spokesperson said

Oil rises on supply tightness despite 'constructive' Ukraine-Russia talks

Brent crude futures touched a high of $112.78 shortly after opening and were up $1.35, or 1.2%, at $111.58 at 0005 GMT, reversing a 2% loss in the previous session.

Oil prices drop on China demand worries, Ukraine peace talk hopes

Brent crude futures were poised to open around $3 lower, also after sliding around 7% in the previous session.

India's retail price inflation likely to remain over 6% till April

This is owing to elevated oil and commodity prices

Disruptions return? Opposition walks out over fuel price hike

Members of the Congress, Trinamool Congress, Dravida Munnetra Kazhagam (DMK), Nationalist Congress Party (NCP), and Left parties raised slogans against the move

No need to hit panic button as oil prices may not impact govt's finances

Analysts have spelt out bleak scenarios for India's finances and growth, assuming strong crude prices

Delayed projects decline, but cost overruns rising, shows data

As prices are rising, so are expectations that the government may have to budget more for its infrastructure pipeline.

India's oil imports surge as refiners boost runs to meet demand

Indian refiners typically buy oil two months ahead of processing. Refiners are raising runs to cash in on high margins to offset some of the losses incurred for selling fuels in the local markets.

Russian oil exports to India quadrupled in March as Europe shuns cargoes

Russia has exported 360,000 barrels a day of oil to India in March so far, nearly four times the 2021 average.

Immediate fuel price hike unlikely; govt comfortable with $100 crude

The last excise duty cut by the Centre was in November 2021, ahead of elections in five key states, including Uttar Pradesh and Punjab.