Oil Stocks
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")
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
 "PSUs face further investment apathy; privatisation may struggle: Analysts")
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
 "Damocles Sword on oil stocks: Is it time for you to rethink your position?")
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.
 "Crude Oil slumps 6%; ONGC, Oil India, Adani Total tumble up to 17%")
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.
 "JP Morgan sees RIL at Rs 3170 in a year; upgrades stock to overweight")
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.
 "Oil India surges 15% in three days on strong March quarter results")
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.
 "CPCL hits over four-year high; zooms 164% in 7 weeks on strong earnings")
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.
 "MRPL hits highest level since Oct 2018, rallies 34% in four trading days")
