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ONGC, Oil India, other oil refinery stocks tumble up to 5% as crude oil prices drop on likely Israel-Iran ceasefire
Oil India shares tumbled nearly 5 percent to trade at Rs 448.75 apiece, while ONGC shares fell nearly 3 percent to hover around Rs 244 apiece. Mangalore Refinery and Petrochemicals (MRPL) and Chennai Petroleum Corporation shares dropped over 2 percent. This comes as Brent Crude futures were hovering around $69 per barrel.
Amid turbulence in West Asia, India is looking to reduce its dependence on oil from the region. Though crude prices dropped ...
Regtechtimes on MSN7h
Bone-Crushing Blow? US Bill Threatens 500% Tariff on India, China Over Russian OilA powerful new bill in the United States Senate is stirring up strong reactions worldwide. Called the Sanctioning Russia Act ...
India’s oil imports in FY25 are dominated by Russia (35%), followed by Iraq (19%) and Saudi Arabia (14%). These top 10 ...
India’s top government adviser said rising oil prices are likely to have a limited impact on inflation for now and Asia’s ...
A wider Middle East conflict is expected to have an impact on oil supplies from Saudi Arabia, Iraq, Kuwait and the UAE, which ...
A fall in crude oil prices is generally negative for upstream oil companies like ONGC and Oil India, while on the flip side, ...
Indian refiners cancelled orders for 65,000 metric tons of crude palm oil (CPO) scheduled for delivery from July to September ...
ABP News on MSN19h
India Faces Higher Energy Costs, Wider CAD If Oil Prices Rise: ICRAIndia imports crude from Iraq, Saudi Arabia, Kuwait and the UAE, which is routed through the Strait of Hormuz, and it ...
India’s state-run refiners are planning to order 10 domestically-built vessels to transport fuels around the country as the ...
A sharp oil price retreat after the Iran-Israel ceasefire has eased a key threat to the consensus dollar-weakness view, ...
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