Oil Producers

What higher oil prices mean for the fight against climate change

In the past year, soaring energy prices and Russia's invasion of Ukraine have been accelerants and a curse for the transition away from dirty fuels

Oil India, ONGC gain up to 4% on improved earnings outlook

Sustained higher crude oil prices and gas realisations can result in better profitability for upstream companies, say analysts.

GAIL India set to carry out oil exploration work soon in Rajasthan

Rajasthan is among the top oil producers in the inland area of the country

India's crude import basket at 10-month low but pump prices to remain high

Fear of worsening economic slowdown in China has dealt the latest blow to global crude oil, with daily prices falling to their lowest since January 4, 2022

OIL interested in picking up petroleum mining lease in Jaisalmer, Bikaner

OIL produces heavy oil and natural gas at Tanot Dandewala and Baghewala in the state, and is exploring PML for five more locations in the state.

Climate activists throw soup on Van Gogh's 'Sunflowers' in National Gallery

The activists, who are a part of a group called "Just Stop Oil" wants the British government to halt new oil and gas projects

Indian oil refiners scout for term deals ahead of EU's ban on Russian crude

Indian state refiners plan to lock-in more of their crude supplies in term deals, worried that tighter Western sanctions on Russia, including from the EU

Saudi Arabia's economy is booming and this time it isn't only about oil

The property market of Saudi Arabia, the world's biggest exporter of oil, is red-hot as income from a spike in energy prices flows through the economy

Govt imposes windfall tax on oil producers, raises import duty on gold

To curb gold imports, govt hikes customs duty on the metal to 15% from 10.75%

Domestic crude oil producers get marketing freedom, exports not allowed

According to a government statement, this move shall ensure marketing freedom for all exploration and production (E&P) operators

Saudi Arabia may raise April crude prices to Asia to all-time highs

The sharp price hikes are tracking strong gains in Middle East benchmark Dubai last month which reached record levels as buyers faced limited options amid tight supplies

IEA weighing potential oil stocks release after Russia invasion

Crude oil was trading around $104 a barrel on Tuesday as some buyers shunned Russian barrels after Western allies imposed sanctions on Moscow

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