Mon, Dec 02, 2024
Oil stocks traded mixed as the ministry decided to do away with the windfall gains tax on the fuel exports.
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Mon, Oct 28, 2024
The company posted a standalone net profit of Rs 180.01 crore in the July-September period -- the second quarter of the current 2024-25 fiscal year -- compared with a profit of Rs 12,967.32 crore a year back, according to a stock exchange filing by the company.
Wed, Sep 04, 2024
Crude prices amid the sharp fall are trading at their lowest level in nine months.
Sun, Aug 25, 2024
Stock exchanges BSE and NSE have slapped fines on oil refining and fuel marketing giants Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL), explorer Oil India Ltd (OIL), gas utility GAIL (India) Ltd, and refiner Mangalore Refinery and Petrochemicals Ltd (MRPL) for not meeting the listing requirement in the April-June quarter.
Mon, Jul 29, 2024
HPCL Q1 FY25 Results: State-run oil marketing company (OMC) Hindustan Petroleum Corporation Ltd (HPCL) registered a sequential fall of its standalone net profit for the April-June period, much worse than analysts' expectations. Here are key takeaways from HPCL's financial results for the first quarter of the current financial year.
Tue, Jun 04, 2024
Brent after falling below $80 per barrel on Monday for the first time since early February traded lower by 0.3 per cent at $78.16 per bbl. US West Texas Intermediate (WTI) crude futures eased 17 cents, or 0.2% to $74.05.
Wed, May 01, 2024
Also, the ratio has a strong support at around 0.24 levels as it coincides with previous breakout levels of 4 years of the consolidation range as observed during the period March 2020 to January 2024.
Tue, Apr 30, 2024
Indian Oil Q4 Results: State-run Indian Oil Corporation reported a 40 per cent quarter-on-quarter fall in standalone net profit to Rs 4,840 crore for the January-March period.
Fri, Apr 19, 2024
"If these reports turn out to be true, fears over further escalation will only grow, as well as concerns that we are potentially moving closer towards a situation where oil supply risks lead to actual supply disruptions," Warren Patterson, head of commodities strategy at ING, is quoted as saying in a Reuters report.
Wed, Apr 10, 2024
Even though crude prices climb near the $90 per bbl mark, all three OMCs are trading with sharp gains of up to 4 per cent, with HPCL leading the gains.
Wed, Mar 27, 2024
Brokerages stock recommendation: Here's what Jefferies, UBS, JPMorgan, Citi, CLSA, HSBC, Nomura and Bernstein make of stocks such as Crompton Greaves, ABB India, oil marketing companies (OMCs), Banking and pharmaceuticals.
Fri, Mar 15, 2024
Fuel price cut, OMCs share price NSE BSE: Stocks of these companies in the recent past have climbed sharply amid benign crude rates, which have led to improved auto fuel marketing margins for these entities.
Fri, Mar 01, 2024
Oil & Gas stocks: The brokerage maintains that while these stocks have seen a re-rating, there is further room. The foreign brokerage expects a range-bound oil price in the near term, which will support profitability. Further, the medium-term outlook also remains positive due to refinery upgradation, noted the brokerage.
Fri, Dec 29, 2023
At around 9:54 a.m., shares of HPCL were down over 3 per cent, BPCL slipped over 2 per cent and IOCL declined over 1 per cent.
Thu, Dec 07, 2023
As per Zee Business research, since 2014, OMC shares have given good returns. Despite a surge in OMC stocks, global brokerage Citi sees more stream in these stocks on the back of improvement in gross refining margin (GRM).
Wed, Dec 06, 2023
Shares of the speciality chemicals company gained 12 per cent at Rs 2307.6 amid heavy volume in the counter.
Tue, Dec 05, 2023
Sensex recorded gains of 0.63 per cent or 431 points, to end the session at 69,296. Meanwhile, Nifty Bank also rallied to an all-time high in intra-day trade.
Wed, Nov 29, 2023
In FY23, BPCL declared a dividend of 40 per cent amounting to Rs 4 per share, which at the current market price results in a dividend yield of 0.94 per cent.
Fri, Nov 17, 2023
Stock market today, oil prices: Crude oil prices dropped around 5 per cent to their lowest in four months on Thursday as investors worried about global oil demand following weak data from the U.S. and Asia.
Wed, Nov 08, 2023
As per the IANS report, broader markets are not facing the sell-off, as FII selling is confined to large caps.
Brent crude futures closed below $84 a barrel for the first time since Hamas Islamists' Oct. 7 attack on Israel.
Mon, Oct 09, 2023
Israel-Palestine conflict, crude oil prices: Brent crude rose $4.18, or 4.94 Per cent, to $88.76 a barrel by 0120 GMT, while U.S. West Texas Intermediate crude was at $87.02 a barrel, up $4.23, or 5.11 Per cent.
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