Goldman Sachs recently released outlook for the stocks of some of the companies in the oil and gas sector. The brokerage expects improved outlook for the scrip of Oil India owing to fuel price increases and potential gas price hike. Goldman Sachs expects Oil India's net crude realization to improve from $54 in current fiscal to $58.2 per barrel in 2014
Tag: price
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GSPL expects recovery in volumes
Manish Sheth, Chief Financial Officer of Gujarat State Petronet (GSPL) expressed hope that the gas transmission volume of the company would recover once the global gas prices decline to some extent. In the last 11-12 quarter, the company has been witnessing fall in its volumes because of continuous fall in gas production from KGD6 basin. GSPL's transmission volu
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GSPL expects recovery in volumes
Manish Sheth, Chief Financial Officer of Gujarat State Petronet (GSPL) expressed hope that the gas transmission volume of the company would recover once the global gas prices decline to some extent. In the last 11-12 quarter, the company has been witnessing fall in its volumes because of continuous fall in gas production from KGD6 basin. GSPL's transmission volu
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Experts suggest aggressive steps on oil pricing reforms
Some industry observers and experts are not satisfied with the move to de-control diesel prices partially by the government and they seek more aggressive steps on this front. It may be recalled that recently, the government allowed oil marketing companies (OMCs) to raise diesel price
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Experts suggest aggressive steps on oil pricing reforms
Some industry observers and experts are not satisfied with the move to de-control diesel prices partially by the government and they seek more aggressive steps on this front. It may be recalled that recently, the government allowed oil marketing companies (OMCs) to raise diesel price
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OMCs’ under-recovery for diesel rises
Data released by the union petroleum ministry shows that the under-recovery of state-run oil marketing companies (OMCs) on sale of diesel has risen to 10.27 per litre for the second fortnight beginning February 16 from Rs 9.22 in the first fortnight of the month. This is despite the 45 paise per litre hike in diesel prices effected by these firms recently in the second dose of a
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OMCs’ under-recovery for diesel rises
Data released by the union petroleum ministry shows that the under-recovery of state-run oil marketing companies (OMCs) on sale of diesel has risen to 10.27 per litre for the second fortnight beginning February 16 from Rs 9.22 in the first fortnight of the month. This is despite the 45 paise per litre hike in diesel prices effected by these firms recently in the second dose of a
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Industry body wants to retail fuel of private oil firms
Reports indicate that the Federation of All India Petrol Traders, which accounts for 42,000 of India's 45,000 pumps, seek permission to retail the fuel products of private oil marketing companies like Essar Oil, Reliance Industries (RIL). Right now, according to an agreement with state-run OMCs, these traders can market the fuel of only the thre
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Industry body wants to retail fuel of private oil firms
Reports indicate that the Federation of All India Petrol Traders, which accounts for 42,000 of India's 45,000 pumps, seek permission to retail the fuel products of private oil marketing companies like Essar Oil, Reliance Industries (RIL). Right now, according to an agreement with state-run OMCs, these traders can market the fuel of only the thre
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Net profit of GAIL rises 18%
The net profit of state-run gas transmission major GAIL grew 18 percent to Rs 1,285 crore during Oct-Dec 2012 quarter. The rise in the bottomline is attributed to a low subsidy burden and good performance of its petrochemicals division after a recent expansion