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Oil India Discovers Gas at Dandewala Field in Rajasthan

Oil India Limited announced a gas discovery at the Dandewala Field in Rajasthan, recording an inflow of 25,000 SCMD from a depth of 950 meters. This marks the first gas presence in the Sanu Formation, with preliminary estimates indicating a Gas In Place of 75 MMSCM.

14May 26

Oil India FY26 Consolidated PAT Rises 7% to ₹7,551 Cr; Q4 Net Profit Surges 62%

Oil India reported FY26 consolidated PAT of ₹7,551 crore, up 7% YoY, with Q4 consolidated PAT surging 62% to ₹2,424 crore. On a standalone basis, Q4 net profit rose to ₹1,790 crore from ₹810 crore in Q3, supported by higher crude production and improved price realisation. Subsidiary NRL posted 90% PAT growth to ₹3,057 crore, while the company achieved record operational milestones including 74 wells drilled and 307 workover jobs in FY26.

06May 26

Oil India Board Meeting on May 13 to Approve Q4FY26 Results and Final Dividend

Oil India Limited has scheduled a board meeting on May 13, 2026, to consider and approve audited financial results for the quarter and year ended March 31, 2026, on both standalone and consolidated basis. The board will also deliberate on recommending a final dividend for FY 2025-26. The intimation was issued on May 05, 2026, under Regulation 29 of the SEBI (LODR) Regulations, 2015.

21Apr 26

Oil India Signs Renewable Energy MoU With Numaligarh Refinery Limited

Oil India has entered into a memorandum of understanding with Numaligarh Refinery Limited to collaborate on renewable energy initiatives. This strategic partnership represents Oil India's diversification beyond traditional oil and gas operations, positioning the company to capitalize on the growing renewable energy sector while contributing to India's clean energy transition and national energy security objectives.

09Apr 26

India Oil Official Says Iran War Exposed Gaps In India's Readiness For Tougher Times

A senior India Oil official has stated that the Iran war has exposed gaps in India's readiness for challenging geopolitical situations. The comments highlight concerns about strategic preparedness and energy security implications during periods of regional conflict. The assessment suggests areas where India's response mechanisms may require strengthening to better handle complex international scenarios.

08Apr 26

Oil India Limited Submits SEBI Compliance Certificate for Quarter Ended March 31, 2026

Oil India Limited filed its compliance certificate under SEBI Regulation 74(5) for Q4 FY26, confirming proper handling of dematerialization processes. The certificate from KFin Technologies Limited validates adherence to all regulatory requirements including timely processing of securities and proper substitution in member registers within mandated timeframes.

01Apr 26

Oil India Signs MoU With CSIR-IMMT For Joint Research In Critical Minerals

Oil India Limited has entered into a strategic partnership with CSIR-IMMT through an MoU signed on March 30, 2026, focusing on joint research and development in critical minerals under the National Critical Mineral Mission. This collaboration combines Oil India's energy sector expertise with CSIR-IMMT's specialized minerals technology knowledge, positioning the Maharatna PSU for diversification opportunities beyond traditional oil and gas operations into the strategically important critical minerals sector.

28Mar 26

Oil India Limited Announces Board Changes as Three Independent Directors Complete Tenure

Oil India Limited announced the completion of tenure for three Independent Directors - Shri Balram Nandwani, Shri Raju Revanakar, and Ms. Pooja Suri - effective March 28, 2026. The changes were implemented as per Ministry of Petroleum & Natural Gas directive and communicated to stock exchanges under SEBI regulations. Ms. Pooja Suri also ceased her position as Independent Director of subsidiary Numaligarh Refinery Limited.

23Mar 26

Morgan Stanley Upgrades Oil India to Overweight, Raises Target Price to Rs 563

Morgan Stanley has upgraded Oil India to Overweight rating with a target price of Rs 563, raised from Rs 455. The upgrade is driven by Qatar LNG disruption expected to tighten energy markets and boost oil/coal demand, benefiting upstream players. Higher oil prices are anticipated to support improved free cash flow yields, while gas-focused companies face downgrades due to weakening demand.

16Mar 26

U.S. Treasury Secretary Bessent Links Oil Price Actions to Iran War Duration in CNBC Interview

U.S. Treasury Secretary Bessent stated in a CNBC interview that oil price actions will depend on the length of war in Iran. The Treasury Secretary's comments indicate a conditional policy approach that links government oil market interventions to the duration of potential regional conflicts.

16Mar 26

IEA Executive Director to Address Oil Stock Release Today at 15:00 CET

The IEA Executive Director will speak about oil stock release today at 15:00 CET, representing a significant energy policy development. The address is scheduled during European trading hours and is expected to cover strategic petroleum reserve coordination among member nations, potentially impacting global energy markets.

13Mar 26

Prime Minister Modi Inaugurates Oil India's Numaligarh-Siliguri Pipeline Capacity Augmentation Project

Prime Minister Narendra Modi inaugurated Oil India Limited's Numaligarh-Siliguri Product Pipeline capacity augmentation project on March 13, 2026, in Guwahati. The 654-km pipeline's capacity was successfully upgraded from 1.72 MMTPA to 5.5 MMTPA for ₹750 crore, achieving ₹110 crore in cost savings. The project supports Numaligarh Refinery's expansion under Hydrocarbon Vision 2030 and generated 4.1-million-man hours of employment across Assam and West Bengal.

13Mar 26

Japan Finance Minister Katayama Warns of Persistently High Oil Prices, Calls for Market Vigilance

Japan's Finance Minister Katayama has warned about persistently high oil prices and called for cautious monitoring of market conditions. The minister's statement reflects the Japanese government's concern over energy market dynamics and their potential economic implications, particularly given Japan's position as a major energy importer.

12Mar 26

Oil Price Predictions Diverge: Iran's $200 Forecast Challenged by Wright

The article presents contrasting views on oil price predictions, with Iran's Khatam Al-Anbiya spokesperson forecasting $200 per barrel crude oil while Wright challenges this prediction as unlikely. The divergent perspectives highlight ongoing geopolitical tensions and uncertainty in global energy markets.

11Mar 26

Oil India Limited Completes Board Transition with Shri Bhupinder Kumar Appointment

Oil India Limited has completed its Government Nominee Director transition by formally appointing Shri Bhupinder Kumar to the Board for a three-year term effective March 10, 2026. The IAS officer brings 15 years of experience and holds key qualifications in Electronics & Communication and Public Policy, having previously served in senior government positions in Jammu & Kashmir.

04Mar 26

Oil Prices Surge Over 2.85% to Reach $83.7 Per Barrel

Global oil prices surged over 2.85% to reach $83.7 per barrel, marking a significant upward movement in energy commodity markets. This substantial price increase reflects ongoing market volatility and demonstrates strong bullish momentum in crude oil trading. The price surge has broader implications for energy-dependent sectors and represents an important development for market participants monitoring commodity trends.

02Mar 26

Oil Prices Surge 8%, Reaching Highest Level in More than Eight Months

Global oil prices surged by 8%, reaching their highest level in more than eight months. This significant price movement represents a major development in the energy sector, with potential implications for oil companies and related industries. The surge brings oil prices to levels not seen since the previous year, indicating strengthened market fundamentals.

28Feb 26

Oil India Limited Receives ₹5.42 Lakh Fine from NSE for Independent Director Non-Compliance

NSE imposed a ₹5,42,800 penalty on Oil India Limited for violating SEBI (LODR) Regulation 17(1) regarding Independent Director appointments for the quarter ended December 2025. The government-owned company explained that board appointments are made by the Ministry of Petroleum & Natural Gas, making compliance beyond their direct control, with no material impact expected on operations.

27Feb 26

Oil India Limited Announces Superannuation of Executive Director (Business Development)

Oil India Limited has announced the superannuation of Shri Ranjan Goswami, Executive Director (Business Development), effective February 28, 2026. The senior management change was disclosed to stock exchanges under Regulation 30 of SEBI (LODR) Regulations, 2015. The position represents one level below the Board of Directors in the company's organizational hierarchy.

10Feb 26

Oil India Q3FY26: ₹1,436 Crore Consolidated PAT, Declares ₹7 Interim Dividend

Oil India announced Q3FY26 results with consolidated PAT of ₹1,436 crore and declared second interim dividend of ₹7 per share. While standalone performance declined due to lower crude prices, subsidiary NRL delivered exceptional 125% profit growth to ₹867 crore, earning Navratna status recognition.

04Feb 26

Russia Defends India's Oil Purchases as Mutually Beneficial for Energy Market Stability

The Russian Foreign Ministry has defended India's oil purchases as mutually beneficial and essential for international energy market stability. Russian officials emphasized that the bilateral energy trade serves strategic purposes beyond economic benefits, positioning it as a stabilizing force in global energy markets during uncertain times.

02Feb 26

Oil India Board Meeting on February 10, 2026 for Q3FY26 Results and Interim Dividend

Oil India Limited has announced a board meeting for February 10, 2026, to consider unaudited financial results for Q3FY26 and nine months ended December 31, 2025, along with potential declaration of second interim dividend for FY 2025-26. The trading window remains closed until February 12, 2026, in compliance with SEBI regulations.

02Feb 26

Oil India Limited Issues Clarification on Seismic Studies and OALP-X Bidding Strategy News Report

Oil India Limited issued a regulatory clarification on February 2, 2026, regarding a news report about seismic studies and OALP-X bidding strategy. The company stated that the Chairman and Managing Director's comments to The Hindu at India Energy Week 2026 were general in nature for E&P companies. Oil India emphasized that stock price variations are not attributable to the news article but are related to global crude oil prices, and responded 'N.A.' to exchange queries about negotiations, undisclosed information, and regulatory proceedings.

29Jan 26

Oil India Limited Clarifies Recent Volume Surge Amid Crude Oil Price Rally

Oil India Limited has clarified to stock exchanges that no undisclosed company information contributed to recent trading volume increases in its shares. The company highlighted a significant 13% surge in crude oil prices from ~$60 to ~$68 over three weeks as a potential factor influencing stock activity, emphasizing that crude prices depend on global market conditions and geopolitical factors.

28Jan 26

Oil Prices Sustain Four-Month High Amid Dollar Weakness and Iran Geopolitical Tensions

Oil prices held near four-month highs, supported by a weaker U.S. dollar and rising Iran-related geopolitical risks. The weakening dollar made oil more accessible to international buyers, while geopolitical tensions added a risk premium to crude valuations. These combined factors created a supportive environment that maintained elevated oil price levels in global energy markets.

27Jan 26

India Oil Minister Anticipates Receiving Gas Supplies From Canada

India's Oil Minister has expressed anticipation about receiving gas supplies from Canada, indicating positive progress in bilateral energy discussions. This development reflects India's ongoing efforts to diversify its energy sources and strengthen international partnerships in the oil and gas sector.

27Jan 26

Numaligarh Refinery Plans Major Capacity Expansion to 180,000 BPD by End of 2026

Numaligarh Refinery has announced plans to expand its capacity to 180,000 barrels per day by the end of 2026. This major expansion project, associated with Oil India, represents a significant investment in India's petroleum refining infrastructure and energy security capabilities, positioning the facility as a key contributor to the country's growing energy demands.

24Jan 26

Gandhar Oil Q3 Results: Net Profit Jumps 68% to ₹32 Crore on Higher Revenue and PHPO Demand

Gandhar Oil Refinery (India) Ltd reported strong Q3 FY26 results with net profit rising 67.9% YoY to ₹32.4 crore and revenue increasing to ₹1,167 crore. EBITDA grew 39.3% to ₹59 crore with improved margins at 5.0%. Nine-month performance showed consistent growth with manufacturing sales volumes up 10% to 4,09,974 KL and consolidated revenues at ₹3,129.9 crore. PHPO products contributed 50% of revenue, driven by strong demand in personal care and healthcare applications.

23Jan 26

Oil Prices Stabilize in $60-64 Range as Weaker Dollar Counters Rising Supply Concerns

Crude oil prices are maintaining stability in the $60-64 per barrel range as market forces reach equilibrium. A weaker US dollar is providing underlying support by making crude more attractive to international buyers, while rising US and global supply levels are preventing significant price gains. This balance between currency support and supply pressures has created a narrow trading range that reflects current market conditions.

20Jan 26

Oil Prices Rise on China's Strong Economic Data and Greenland Geopolitical Tensions

Oil prices rose on Tuesday following China's strong economic data showing 5.00% GDP growth and record-high refinery throughput. Trump's tariff threats over Greenland acquisition plans weakened the dollar and added geopolitical support to oil markets. China's refinery throughput increased 4.10% year-on-year while crude output grew 1.50%, both reaching all-time highs, boosting demand sentiment for the world's largest oil importer.

19Jan 26

Gulf Oil Lubricants India Announces Strategic Partnerships with ACE, Ammann, and XCMG

Gulf Oil Lubricants India Ltd announced strategic partnerships with ACE, Ammann India, and XCMG to strengthen its infrastructure segment position. Gulf becomes Ammann's official lubricants partner, accessing their 60%+ market share in asphalt mixing plants, while expanding its ACE relationship with new products for multiple equipment categories. The XCMG partnership brings branded lubricants to India, supporting Gulf's 15-year infrastructure focus and over 50 OEM associations across sectors.

19Jan 26

Gulf Oil Lubricants India Forms Strategic Partnerships with Ace, Ammann India, and XCMG for Infrastructure Growth

Gulf Oil Lubricants India Ltd has formed strategic partnerships with Ace, Ammann India, and XCMG to expand its infrastructure portfolio. The collaborations aim to improve equipment reliability and reduce overall ownership costs for customers in the construction and infrastructure sectors, positioning the company as a comprehensive solutions provider in the infrastructure equipment lubrication segment.

19Jan 26

Oil Prices Decline Amid Easing Iran Tensions and Greenland Uncertainty

Oil prices declined with Brent crude falling below $64.00 per barrel and WTI near $59.00 as Iran tensions eased over the weekend. Market sentiment turned risk-averse due to Trump's Greenland annexation push and European tariff threats. The International Energy Agency projects a significant oversupply of 3.80 million barrels per day this year, while regional supply constraints persist in Kazakhstan due to Black Sea issues.

16Jan 26

Oil Markets Could Hit $50 Range if Geopolitical Tensions Ease, Says Expert

Global oil prices fell 3-4% after Trump eased concerns about military action against Iran, but geopolitical risks remain elevated according to Peter McGuire of Australia-Trading.com. The expert predicts crude could trade in the low-to-mid $50 range in early 2026 if Middle East tensions stay contained, while noting that Iran's position near the Strait of Hormuz continues to pose supply risks. Venezuela's potential increased output could add to already well-supplied markets, with OPEC+ expecting balanced supply-demand conditions through 2027.

16Jan 26

Oil Prices Remain Flat as US Strike Concerns on Iran Diminish

Oil prices showed minimal movement Friday with Brent down 0.05% to $63.73 and WTI up 0.07% to $59.22 per barrel as US-Iran strike concerns diminished. Trump's indication that Tehran's protest crackdown was easing led to unwinding of geopolitical risk premiums. Higher-than-expected US crude and gasoline inventory builds from EIA data added downward pressure, while Venezuela's resumed oil exports after production cuts further weighed on markets.

16Jan 26

Oil Prices Stabilise After US Postpones Iran Attack Plans

Oil prices stabilised near $59/barrel for WTI and below $64 for Brent after recovering from Thursday's 4.6% decline. The recovery followed reports that the US postponed military action against Iran at Netanyahu's request, reducing immediate supply disruption concerns. Despite the postponement, US military presence in the Middle East continues to increase, while regional supply issues in Venezuela and Kazakhstan provide additional market support.

14Jan 26

Russia-India Oil Trade Continues Despite Sanctions, Highlighting Economic Punishment Limitations

Russia and India continue oil trade despite US imposing 500% duties, exploiting loopholes that allow exports when major companies like Rosneft and Lukoil aren't involved. Research shows strict sanctions succeed less than 10% of the time, with broader success rates around one-third. While sanctions can cause 1-3% GDP losses and economic damage, they often fail to change government behavior, especially in authoritarian regimes. Secondary sanctions and workarounds through alternative payment systems highlight the limitations of economic punishment as a diplomatic tool.

14Jan 26

Oil Prices Steady After Four-Day Rally as Focus Shifts to Iran Tensions

Oil prices stabilized near key levels after their biggest four-day rally in over six months, with WTI trading near $61 and Brent above $65. Geopolitical tensions surrounding Iran's 3.3 million barrels-per-day production capacity and potential US intervention have reintroduced risk premiums to oil markets. US crude inventories rose 5.3 million barrels last week, while Black Sea tanker attacks have disrupted Kazakhstan's exports, adding to supply concerns in global oil markets.

14Jan 26

Oil Prices Steady After Four-Day Rally as Iran Political Tensions Drive Market Focus

Oil prices stabilized after their biggest four-day rally in six months, with WTI near $61 and Brent above $65, driven by Iran political tensions and potential US intervention threatening 3.3 million barrels-per-day production. Market analysts note record short positions amid rising geopolitical risks, while supply disruptions in the Black Sea and US inventory builds add complexity to global energy markets.

13Jan 26

Oil India Records ₹140.39 Crore Block Trade on NSE at ₹435 Per Share

Oil India Limited executed a major block trade on NSE worth ₹140.39 crores, involving 3,227,362 shares at ₹435 per share. The transaction highlights significant institutional activity in the energy stock and represents substantial monetary exchange outside regular trading mechanisms.

13Jan 26

Oil Prices Rise on Iran Supply Disruption Concerns Amid Geopolitical Tensions

Oil prices gained on Tuesday with Brent crude rising 0.4% to $64.15 per barrel and US WTI climbing 0.5% to $59.78 amid Iran supply disruption concerns. Anti-government protests in Iran prompted US military action warnings and 25% tariff threats, adding $3-4 per barrel in geopolitical risk premiums. Venezuela's anticipated return could add 50 million barrels to global supply following Maduro's ouster, with trading houses positioning ahead of energy majors.

13Jan 26

Oil Prices Surge to One-Month High Following Trump's Iran Tariff Announcement

Oil prices reached one-month highs after US President Trump announced 25% tariffs on countries doing business with Iran. WTI climbed to $59.72 per barrel while Brent settled at $63.87, with both benchmarks showing strong gains. The tariff announcement, effective immediately but lacking implementation details, has raised concerns about potential trade conflicts with China, the world's top crude importer and Iran's biggest customer.

12Jan 26

Oil Prices Rise on Iran Supply Disruption Concerns Amid Intensifying Protests

Oil prices rose on Monday with Brent crude gaining 0.49% to $63.65 per barrel and WTI crude up 0.51% to $59.42 per barrel, driven by concerns over supply disruptions from Iran amid intensifying protests. The civil unrest threatens approximately 1.9 million barrels per day of Iranian oil exports, with over 500 casualties reported and calls for oil industry workers to strike. However, Venezuela's expected resumption of oil exports following political changes is helping limit price gains, with up to 50 million barrels of previously sanctioned oil set to be transferred to the United States.

12Jan 26

Oil Prices Rise on Iran Supply Disruption Concerns Amid Civil Unrest

Oil prices rose on Monday with Brent crude climbing 0.49% to $63.65 per barrel and WTI crude gaining 0.51% to $59.42 per barrel, driven by concerns over potential supply disruptions from Iran's civil unrest. The protests, which have killed over 500 people, threaten approximately 1.9 million barrels per day of Iranian oil exports. However, price gains are being moderated by expectations that Venezuela will soon resume oil exports, potentially delivering up to 50 million barrels of sanctioned oil to the United States following political changes in Caracas.

12Jan 26

Oil Prices Extend Gains for Third Consecutive Day on Iran Supply Risk Concerns

Oil prices rose for the third consecutive day, with Brent crude reaching $63.89 and WTI hitting $59.65 per barrel, driven by escalating protests in Iran that raised supply disruption concerns from OPEC's fourth-largest producer. Investment funds increased bullish positions amid fears of supply disruptions from both Middle East tensions and Venezuela production issues. The sustained rally reflects market sensitivity to geopolitical risks in key oil-producing regions.

10Jan 26

Oil Prices Rise 2% as Market Weighs Iran Protests and Russia Supply Risks

Oil prices gained approximately 2% on Friday, with Brent crude settling at $63.34 per barrel and WTI at $59.12, driven by supply concerns from Iran's intensifying civil unrest and Russia-Ukraine conflict escalation. Both benchmarks posted weekly gains of 3-4% despite rising global inventories. The White House scheduled meetings to discuss Venezuelan oil deals as the Trump administration seeks control over the country's oil sector following political developments.

09Jan 26

Oil Prices Extend Gains Amid Iran Threats and Venezuela Energy Sector Focus

Oil prices extended gains with WTI rising above $58 and Brent near $62, driven by Trump's threats against Iran and focus on Venezuela's energy sector. Nearly 20 oil executives will meet at the White House to discuss rebuilding Venezuela's energy infrastructure, while Chevron loads Venezuelan crude at the fastest pace in seven months. Trading houses are securing US Treasury licenses to sell Venezuelan oil to American refiners, potentially redirecting flows from Chinese buyers to US processors.

09Jan 26

Oil Prices Remain Low Despite Global Conflicts Due to Oversupply and Weak Demand: Ian Bremmer

Oil prices remain around $50 due to oversupply and weak demand despite global conflicts, according to Eurasia Group president Ian Bremmer. China is strategically shifting investments toward post-carbon energy technologies while the US continues oil and gas investments. Bremmer expects China's deflationary pressures to deepen in 2026 with export-driven growth, while anticipating Supreme Court constraints on expansive trade policy measures.

09Jan 26

Trump's 500% tariff threat unlikely to halt India's Russian crude imports in January: Kpler

India is projected to maintain Russian crude imports at 1.1-1.3 million barrels per day in January despite US 500% tariff threats, according to Kpler analyst Sumit Ritolia. While India has alternatives through Middle Eastern, US, and West African suppliers, shifting away from discounted Russian crude would increase import costs and overall bills. The analysis comes as President Trump supports bipartisan sanctions legislation targeting countries like India, China, and Brazil for importing Russian oil, potentially forcing significant changes to India's crude procurement and refinery strategies.

09Jan 26

Institutional Investors Turn Most Bearish on Oil in Nearly a Decade Amid Supply Glut Concerns

Goldman Sachs survey shows 59% of institutional investors are bearish on crude oil, marking near-record negative sentiment since January 2016. Oil has become the favorite short position among institutions as global supply glut concerns mount from increased OPEC+, US, Brazilian, and Guyanese production. Brent crude trades above $61, down significantly year-over-year, while trend-following advisers hold 91% short positions in WTI crude.

09Jan 26

Oil Prices Extend Gains Above $58 as Iran Threats and Venezuela Developments Drive Market Momentum

Oil prices extended gains with WTI above $58 and Brent near $62, driven by Trump's Iran threats and Venezuela energy developments. Major oil executives are meeting White House officials to discuss rebuilding Venezuela's energy sector, while trading houses secure licenses for Venezuelan crude sales to US refiners, potentially redirecting flows from Chinese buyers.

09Jan 26

Oil Prices Advance on Geopolitical Tensions and Venezuela Policy Shifts

Oil prices are advancing with WTI crude near $58 and Brent around $62 per barrel as traders monitor Iran-related tensions and U.S. policy developments concerning Venezuela. The price increases are supported by geopolitical risk factors and ongoing commodity index rebalancing activities in global energy markets.

08Jan 26

Kotak Securities Maintains Sell Rating on Oil India, Cuts Target Price to ₹275

Kotak Securities has maintained its Sell rating on Oil India while cutting the target price to ₹275.00 from ₹300.00, representing an 8.33% reduction. The revised target suggests a 35% downside potential from current levels, reflecting the brokerage's continued bearish outlook on the oil exploration company's stock performance.