Page 2 of oil

ONGC, drilling, wells, gas processing facilities, environmental clearance, employment, budgetary allocation

ONGC to invest Rs 4,600 cr to drill 10 development wells, other infra in KG Basin

ONGC plans to invest over Rs 4,600 crore in drilling 10 wells, setting up platforms, and building gas processing facilities…

Updated: August 12, 2025 12:00 IST

Hindustan Petroleum explores Russian oil alternative amid price, sanction worry

HPCL chairman Kaushal said that while there was no official directive from the government regarding the purchase of Russian oil,…

Updated: August 8, 2025 14:19 IST

Russian oil exit may increase India’s fuel bill sharply in FY26 and FY27, warns SBI

The report noted that if India halted oil imports from Russia for the rest of FY26, the fuel bill might…

Updated: August 8, 2025 13:56 IST

trading, Iranian oil, petrochemicals, trade, Bharat Petroleum

Firms sanctioned by US over Iran oil mostly Mumbai based

Six Indian firms—mostly Mumbai-based—have been sanctioned by the US for trading in Iranian oil and petrochemicals. These small and mid-sized…

August 5, 2025 23:34 IST

import, russian oil, US sanctions, Indian refiners, oil, import

State-run refiners cut Russian oil imports sharper than private peers

India’s imports of Russian oil fell 24% YoY in July 2025, with state-run refiners driving the sharper drop. Rising compliance…

August 5, 2025 21:51 IST

Trump’s sanction threat may push India’s oil bill up by $9–11 billion

India, the world’s third-largest oil consumer and importer, has reaped significant benefits by swiftly substituting market-priced oil with discounted Russian…

August 3, 2025 12:39 IST

Oil prices rise on hopes of US-EU trade deal, China tarrif truce extension

Oil prices were also supported by news of a possible extension of the trade truce between the U.S. and China,…

July 29, 2025 08:06 IST

economy, Russia-Ukraine conflict, oil, russian oil, crude oil,

‘We’ll crush your economy’: US Senator issues stark warning to India, others over Russian oil imports

US Senator Lindsey Graham warns India, China, and Brazil of harsh tariffs under Trump for buying Russian oil. India reaffirms…

July 22, 2025 23:43 IST

‘We’ll crush your economy’: Trump ally warns US will impose 100% tariffs on nations buying Russian oil

According to Graham, Trump plans to slap a 100 per cent tariff on all oil-related imports from these countries in…

July 22, 2025 12:46 IST

Oil Marketing Companies, OMC, economy, eu, european union

Nayara Energy opposes EU sanctions, explores legal options

Nayara Energy slams EU sanctions on its Gujarat refinery as “unjust” and “unilateral”, citing violations of Indian sovereignty. The company,…

July 21, 2025 22:17 IST

Reliance Industries share price today, July 21

Reliance Industries slips over 2% after Q1 results: Find out why brokerages reiterate ‘Buy’

Reliance Industries slips 2.6% post-Q1, but brokerages maintain ‘Buy’ ratings citing new energy and Jio growth prospects. Read the analysis!

July 21, 2025 10:56 IST

farmer producer organisations, FPO, crude, egetables, pulses, cocoa

Govt aims quantum jump in crude palm oil output

Govt targets surge in crude palm oil output from 0.35 MT to 2.3 MT by 2029 under the National Oil…

July 15, 2025 21:26 IST

Indian OMCs Poised for Strong Q1 FY26 Earnings on Robust Marketing Margins. (Image Source: Reuters)

OMCs likely to report strong Q1 on improved marketing margins

State-owned oil marketing companies (OMCs) in India are projected to report a robust Q1 FY26, driven by significantly improved petrol…

July 7, 2025 18:49 IST

Reliance Industries, RIL stock, Morgan Stanley report, RIL target price

Reliance’s next $50 billion bet: AI-energy synergy at heart of new growth path, says Morgan Stanley

Reliance Industries is eyeing its next $50 billion in value creation by integrating green energy and AI infrastructure, with Jamnagar…

July 6, 2025 10:39 IST

crude, oil, oil import, Oilfields, ongc, trump, Iran Israel, oil production

Drill, India, drill

This is imperative to reduce the country’s high import dependence over the medium term.

June 30, 2025 03:00 IST

Middle East Tensions & Strait of Hormuz: India's Energy Vulnerability and Diversification Efforts. (Image Source: Reuters)

Why India must spread its oil import bets

Following US air strikes on Iranian nuclear facilities, global oil and gas markets face persistent volatility, impacting India’s significant energy…

June 25, 2025 20:46 IST

Shares rally, oil prices tumble as Trump announces Iran-Israel ceasefire

Oil prices fell almost 4%, having already slid 9% on Monday when Iran made a token retaliation against a US…

Updated: June 24, 2025 07:04 IST

Iran-Israel war, oil prices, middle east, price hikes, supply issues, upstream PSUs, ONGC, OMCs, windfall taxes

Iran-Israel war: Oil spike driven by fear, not fundamentals – Kotak says ONGC to benefit, OMCs shielded

Rising geopolitical tensions in West Asia have pushed crude oil prices up by 21–25%, but Kotak Institutional Equities says the…

Updated: June 23, 2025 18:51 IST

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