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ET Graphics: Oil’s not well with the world
India and other Asian nations face significant risks. Their reliance on West Asian oil and gas imports makes them vulnerable. A prolonged and intensifying conflict in the region could lead to supply disruptions. This situation also threatens price shocks for these economies. The current geopolitical climate demands attention to energy security.
Stocks to Watch for March 4: ONGC, HPCL, Petronet, IGL, Cipla, Tata Motors CV, M&M and more
From all the Middle East-linked names, which continue to remain in the spotlight due to the Iran war, to stocks like Tata Motors CV, M&M, Affle 3I, these names should be on your radar going into Wednesday's trading session.
India reduces gas supply to industries after Qatar outage, sources say
Indian companies on Tuesday reduced natural gas supplies to industries in anticipation of tighter supply from the Middle East after top producer Qatar halted production, four industry sources with knowledge of the matter said.
West Asia tensions rattle Dalal Street; pharma and metals buck the trend
West Asian conflict's spillover to India fueled investor uncertainty, impacting sectoral indices except pharmaceuticals and metals. Export-facing sectors and those reliant on crude oil and Gulf imports face adverse effects. Oil and gas stocks saw mixed reactions, with upstream companies benefiting from rising crude prices.
Iran conflict disrupts global shipping as tankers are stranded, damaged
War risk insurance for ships in the Gulf is being cancelled. The Iran conflict has disrupted shipping. Several tankers are damaged. Two seafarers have died. Around 150 ships are stranded near the Strait of Hormuz. Oil and gas prices have jumped. Shipping costs are set to rise further.
Asian countries most at risk from oil and gas supply disruptions in Strait of Hormuz: Research group
Asian countries are the most at risk from oil and gas supply disruptions in the Strait of Hormuz, with Japan facing the highest risk, followed by South Korea and India, according to international research group Zero Carbon Analytics..
Asian countries most at risk from oil & gas supply disruptions in Strait of Hormuz: Research group
Asian nations are most vulnerable to oil and gas supply disruptions in the Strait of Hormuz. Japan faces the highest risk, followed by South Korea and India. Around 20 percent of global oil and LNG flows through this vital chokepoint. China and India are the largest destinations for these energy resources.
Indian govt assures fuel availability, affordability amid Iran-Israel tensions
The Ministry of Petroleum and Natural Gas reviewed crude and LPG supplies as Iran-Israel tensions pushed up global oil prices and raised concerns over energy security.
Benchmarks end sharply lower amid West Asia conflicts; broader mrkt underperfroms
Auto, oil & gas and consumer durables shares tumbled while metal and pharma shares advanced.
Brent at $100? Why India could be hit hardest by the US–Iran war; ONGC, Oil India to benefit
JM Financial warns that India's economic exposure to energy shocks from the Middle East escalation is significant. The shift to oil-driven markets could increase inflation and impact trade balance, as India imports 85% of its oil. Crude price rises could have widespread effects across sectors.
Indian Oil, BPCL, HPCL Fall As Crude Oil Jumps; ONGC, OIL India Rally | Stock Market Today - Samco
Indian Oil, BPCL, HPCL Fall As Crude Oil Jumps; ONGC, OIL India Rally | Stock Market TodaySamco
Watch | Higher crude supports upstream oil stocks, downstream outlook weak: Probal Sen
ICICI Securities energy analyst Probal Sen said crude prices around $75 per barrel are unlikely to trigger windfall taxes, supporting upstream companies such as Oil and Natural Gas Corporation (ONGC) and Oil India. However, he expects near-term pressure on downstream and gas companies as rising liquified natural gas (LNG)-linked input costs could impact margins. Sen remains cautious on the sector over the next three to six months but maintains a constructive long-term view on Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL) and city gas distributors.