New Delhi, March 9 (IANS) A sustained rise in crude oil prices due to the US-Iran war will benefit upstream oil exploration companies, energy infrastructure companies and select refineries while pressuring oil‑sensitive sectors such as aviation, paints, tyres, chemicals and logistics, a report said on Monday.Apart from these sectors, the report from Axis Securities recommended overweight positions also in defence and infrastructure, adding that stocks in less oil-sensitive sectors such as bank…
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New Delhi, March 1 (IANS) Brent crude could climb above $90 per barrel with Strait of Hormuz disruption or exceed $100 per barrel in a broader regional conflict, a report said on Sunday.The report from JM Financial Institutional Securities said the crude has already climbed to about $72.8 per barrel and limited retaliation could add $5–10 per barrel, while direct damage to Iranian oil infrastructure could add $10–12 per barrel.Every $1 rise in crude increases India’s annual import bill by …
New Delhi, Jan 27 (IANS) Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday inaugurated the Hydrogen Zone at India Energy Week 2026 in Goa — highlighting India’s growing focus on clean and low-carbon energy solutions. The Hydrogen Zone was opened shortly after the inaugural ceremony of the flagship energy event and is being hosted by Oil India.The Hydrogen Zone showcases advanced hydrogen technologies and solutions that are expected to play a key role in India’s ener…
New Delhi, Jan 6 (IANS) Any increase in the production of oil from Venezuela by US companies has the potential of lowering crude prices in the international market, benefiting all countries, including India. However, analysts are of the view that there is still too much geopolitical uncertainty in the region for large investments to pour into the Latin American country.Unlike China, India is not a big importer of Venezuelan crude, which is heavy and tar-like, making it costly to refine into petr…
New Delhi, Jan 5 (IANS) ONGC may receive nearly $500 million in unpaid dividends from its Venezuelan oil project as the evolving US-Venezuela situation has revived expectations of long-pending payouts from the South American nation, global brokerage firm Jefferies has said.Market experts are anticipating that a potential US takeover of Venezuela’s oil industry could eventually lead to the lifting of sanctions on Venezuelan crude exports.Although US President Donald Trump has said that sanction…
New Delhi, Jan 5 (IANS) Venezuela has the largest proven oil reserves in the world but lack of expertise, under-investment, political interference, mis-management, corruption and sanctions have paralysed the exploitation of its oil reserves, a report showed on Monday.The flip of the calendar witnessed start of a new era where the US struck upon Venezuela, capturing its President Nicolas Maduro and his wife.“Maduro, after being elected as the President in 2013, has been ruling the country mostl…