Market News

Meta deal, 49th AGM, stock at 52-week low: Why are analysts bullish on RIL?

Foray into green energy, data centres and reducing dependence on the oil & gas business augur well for Reliance Industries, says G Chokkalingam founder of Equinomics Research.

Companies seek lifting of curbs on gas pipeline integration

Indian energy firms want the Petroleum and Natural Gas Regulatory Board to allow pipeline connections. This could free up nearly 10% of domestic gas output. Around 14 million cubic metres of gas from the Northeast is currently unused. A temporary waiver could unlock 8 million cubic metres of gas quickly.

BP names heads for two main businesses after revamp

BP is reorganising its business into two core units, upstream and downstream. Gordon Birrell will lead the upstream operations, while Richard Harding takes charge of downstream on an interim basis. This strategic shift aims to simplify operations and refocus on oil and gas. Renewable energy investments will be scaled back.

Cairn, Vedanta Oil & Gas raises output from Hazarigaon gas field in Assam

Cairn Vedanta Oil & Gas has achieved a significant milestone in Assam. The Hazarigaon field recorded its highest gas production. This contributes to India's energy security. The field supports tea gardens, powers CNG buses, and supplies gas to Numaligarh Refinery. The company ensures responsible operations and efficient resource use. This work reflects steady progress in the region.

India has 76 days of fuel reserves, oil supplies secure: Hardeep Singh Puri

India possesses robust fuel reserves, sufficient for approximately one month of disruption. The nation's diversified sourcing strategy and expanding energy infrastructure provide a strong buffer. Petroleum Minister Hardeep Singh Puri expressed confidence that global supply shortages will be mitigated. Additional gas supplies will further strengthen energy security. India is well-positioned to manage potential disruptions.

Adani Ports' step-down arm secures 10-year marine services contract for Southern Energy FLNG project

Adani Ports and Special Economic Zone has secured a 10-year marine services contract for Argentina's first liquefied natural gas (LNG) export, marking its entry into South America and expanding its international marine services footprint.

Adani Ports bags 10-year contract for Argentina’s first LNG export project

Adani Ports has won a significant 10-year contract to support Argentina's inaugural liquefied natural gas export project. This deal, secured through a subsidiary, positions the Adani Group at the forefront of a venture expected to commence operations in September 2027. The project aims to produce millions of tonnes of LNG annually, potentially transforming Argentina into a key global energy supplier.

ONGC Share Price Live Updates: ONGC's Current Trading Status

LPG Prices Hiked: Domestic cooking gas rates increased by Rs 29 per cylinder; Here's what consumers will now pay

LPG Price Today: Domestic LPG cylinder prices have been increased by Rs 29, taking the cost of a 14.2-kg cylinder in Delhi to Rs 942 with effect from June 7. The hike comes after a previous increase in March and is aimed at partially offsetting losses incurred by oil marketing companies on subsidised cooking gas sales amid volatile global energy prices.

Oil may stay expensive even if West Asia tensions ease, pressure OMCs: ICICI Securities

Probal Sen, Oil and Gas Analyst at ICICI Securities believes global energy supply chains have structurally changed after the Middle East conflict. India is increasing crude imports from Venezuela, Russia, the US and Africa to manage shortages, but cheap crude is no longer available.

Oman beats Qatar as India’s top LNG supplier as war disrupts Gulf gas flows

In a significant turn of events, Oman has emerged as India's top source for liquefied natural gas, particularly following the upheaval caused by the Iran war that interrupted gas flow in the Gulf region. This strategic pivot took place in March, with Indian buyers seeking more stable energy alternatives.

Coal India, ONGC, among 10 stocks with highest increase in government holding in Q4. Do you own any?

Despite broader market volatility, rising prices in power, energy and metal stocks boosted the value of Government of India holdings during the March 2026 quarter, led by ONGC, NTPC and Coal India.