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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.

08Jan 26

Oil India Remains PL Capital's Top Pick Despite Expected Subdued Q3 Performance

PL Capital maintains Oil India as a top investment pick despite expecting subdued Q3 performance due to crude oil price weakness. The investment firm's confidence is driven by anticipated volume growth and the strategic commissioning of the Numaligarh Refinery, which is expected to enhance earnings visibility and strengthen the company's integrated operations.

07Jan 26

US Crude Oil Futures Fall 2% to $55.99 Amid Venezuela Oil Transfer Deal

US crude oil futures closed at $55.99 per barrel with a 2.0% decline following Trump's announcement of Venezuela transferring up to 50 million barrels to the US. The deal continues to pressure oil markets amid oversupply concerns, with analysts noting bearish fundamentals and potential further downside for crude prices.

05Jan 26

Oil Edges Higher As Traders Weigh More US Control Over Venezuela

Oil prices showed modest gains as the Trump administration expanded control over Venezuelan crude operations, including plans to indefinitely manage future sales and seizure of additional sanctioned tankers. Major oil companies are positioning for increased Venezuelan supply access while enforcement actions continue against sanctioned vessels.

05Jan 26

Gandhar Oil Refinery shares surge 17% on heavy trading volumes

Gandhar Oil Refinery shares surged 17% to ₹177.60 on Monday with exceptional trading volumes of over 21 lakh shares, far exceeding the typical two-week average of 20,000 shares. The company, holding 26.5% market share in India's white oils segment and ranking among the top five global manufacturers, saw turnover reach ₹36.5 crore. With a market capitalisation of ₹1,698 crore, the stock traded within its price band while remaining above its 52-week low, though no specific corporate announcements triggered the rally.

03Jan 26

Oil India Clarifies Timeline For Arunachal Pradesh Graphite Mining Agreement

Oil India has officially clarified to stock exchanges that the execution of its composite licence deed for the Phop Graphite and Vanadium block in Arunachal Pradesh on January 2, 2026, represents normal business progression following its selection as preferred bidder in November 2024. The company emphasized that this development has no material impact and is part of the expected licensing process for the critical mineral block awarded through the Ministry of Mines' auction.

01Jan 26

Oil India Faces Refinery Expansion Delays as Analysts Maintain Buy Rating with ₹495 Target

Oil India's subsidiary NRL has delayed its refinery expansion operations to Q4-FY26 from December 2025, leading to 1.6-9.1% cuts in FY26/27E EPS estimates. Despite delays, analysts maintain Buy rating with ₹495 target price, expecting 9% and 4% CAGR in gas and oil production respectively over FY25-27E.

31Dec 25

Oil Edges Up But Brent On Course For Longest Annual Loss Streak In 2025

Brent crude is heading for its longest-ever losing streak with an 18% decline in 2025, while WTI faces a 19% annual drop. Despite geopolitical tensions from Russia sanctions and Middle East conflicts, supply continues to outpace demand as OPEC+ released 2.90 million bpd since April and paused further increases for Q1 2026.

31Dec 25

Oil Prices Hold Near $58 as Venezuela Risk Balances Oversupply Concerns

Crude oil prices stabilized near $58 per barrel after previous session gains driven by Venezuela risk, with competing market forces creating price balance. While geopolitical tensions and hedge fund optimism provided support, persistent global oversupply and Saudi Arabia's price cuts prevented further advances.

30Dec 25

India's November Crude Oil Imports Rise 11.1% Year-Over-Year to 21.1 Million Tons

India's crude oil imports registered strong growth in November, rising 11.1% year-over-year to 21.1 million tons. This significant increase demonstrates the country's sustained energy demand and continued reliance on imported crude oil to meet domestic requirements. The robust import volumes reflect ongoing industrial activity and energy consumption patterns across the Indian economy.

30Dec 25

Oil Markets Stay Calm Despite Venezuela Crisis as Expert Cites Political Uncertainty

Crude oil markets maintain stability despite US-Venezuela political tensions, with expert analysis suggesting limited near-term impact on pricing. Current production disruptions and long-term recovery prospects indicate continued market uncertainty rather than significant price volatility.

27Dec 25

Oil Prices Drop 2% on Supply Glut, Ukraine Peace Talks

Oil prices settled more than 2% lower on Friday due to concerns about a looming global supply glut and potential developments in Ukraine peace negotiations. Brent crude fell 2.57% to $60.64 per barrel, while WTI crude dropped 2.76% to $56.74 per barrel. The International Energy Agency projects global oil supply will exceed demand by 3.84 million barrels per day next year. Market participants are closely watching Ukraine-Russia peace process developments, including an upcoming meeting between Ukrainian President Zelenskiy and U.S. President Trump.

12Dec 25

Oil Prices Hit October Lows on Supply Glut Concerns

Crude oil markets experienced significant downward pressure, with prices falling to their lowest levels since October. WTI crude dropped below $58.00 per barrel, while Brent crude hovered near $61.00 per barrel. The decline is attributed to weak equity markets and concerns about a potential supply glut, which have overshadowed geopolitical tensions. This shift in market sentiment indicates that fundamental supply-demand dynamics are currently more influential than geopolitical risk factors in determining oil prices.

11Dec 25

Oil Prices Rise on Stalled Ukraine Talks and China's Growth Pledge Amid Supply Glut

Oil prices gained ground as Ukraine peace discussions failed to yield breakthrough and China committed to fiscal expansion measures. Brent crude traded above $61 per barrel while WTI remained near $57, with both benchmarks receiving support from geopolitical uncertainties and China's demand outlook despite ongoing concerns about global supply surplus from OPEC+ and other producers.

10Dec 25

Oil India Sees ₹58.50 Crore Block Trade on NSE at ₹400 Per Share

Oil India Limited recorded a major block trade on NSE worth ₹58.50 crores involving 1,462,605 shares at ₹400.00 per share. The transaction highlights significant institutional activity and demonstrates continued investor interest in the oil and gas major through large-scale equity participation.

10Dec 25

U.S. Crude Oil Futures Decline to $57.95/BBL, Down 0.22% on Supply Pressures

U.S. crude oil futures closed lower at $57.95 per barrel, down 13 cents or 0.22%, falling below the key $58 technical support level. The decline reflects ongoing supply-side pressures from record U.S. production levels and expanding fuel inventories, contributing to persistent global supply glut concerns that continue to weigh on market sentiment.

30Nov 25

Oil India Limited's Senior Executive Gaurang Borgohain Set to Retire

Oil India Limited announced that Shri Gaurang Borgohain, Executive Director (Engineering Services), will retire on November 30, 2025, after close of working hours. Borgohain's position is one level below the Board of Directors. The announcement complies with SEBI's LODR Regulations, demonstrating the company's commitment to transparency.

28Nov 25

Oil India Limited Fined Rs 10.85 Lakh for Board Composition Non-Compliance

Oil India Limited, a Maharatna CPSE, has been fined Rs 10.85 lakh by NSE and BSE for failing to comply with board composition regulations. The company was penalized Rs 5,42,800 each by NSE and BSE for not appointing the required number of Independent Directors, violating Regulation 17(1) of SEBI (LODR) Regulations, 2015. Oil India attributed the non-compliance to its status as a Government of India enterprise, stating that director appointments are under the purview of the Ministry of Petroleum & Natural Gas. The company has requested the Ministry to appoint the necessary Independent Directors. Despite this regulatory issue, Oil India's financial position remains strong, with total assets of Rs 69,437.40 crore, up 6.66% year-over-year.

21Nov 25

Oil India Reports Q2 FY26 Results Amid Production Challenges and Exploration Write-offs

Oil India Limited reported Q2 FY26 standalone revenue of INR 5,456.00 crores and PAT of INR 1,044.00 crores. Crude oil production declined 2.58% YoY to 0.85 million metric tons, with average realization falling 18.11% to USD 68.19 per barrel. The company faced production disruptions due to ethnic group blockades in the Northeast. Exploration write-offs totaled INR 723.00 crores for Andaman wells. Despite challenges, Oil India drilled 18 new wells, achieving 100% of the target. The company revised its FY26 oil production outlook to 3.55 million metric tons. An interim dividend of INR 3.50 per share was declared.

19Nov 25

Oil India Limited and TotalEnergies Forge Strategic Alliance for Deepwater Exploration

Oil India Limited (OIL) and TotalEnergies signed a Technology Service Agreement on November 19, 2025, in New Delhi. The collaboration aims to enhance exploration in deep and ultra-deepwater offshore areas of Indian sedimentary basins, including government-mandated stratigraphic wells. The agreement covers OIL's ongoing appraisal in the Andaman Basin, exploration in ultra-deepwater blocks in Mahanadi and Krishna-Godavari Basins, evaluation of future opportunities, and support for stratigraphic well drilling in offshore Category-II & III Basins. This partnership leverages TotalEnergies' global expertise to boost India's offshore exploration capabilities and energy security.

17Nov 25

Oil India Lowers Annual Oil Production Target to 3.55 MMT

Oil India has reduced its annual oil production target to 3.55 MMT from 3.70 MMT, a decrease of 0.15 MMT. The company faced production challenges in the first half of the year, leading to this adjustment. Management plans to address the shortfall and make up for the deficit in the second half of the year.

10Nov 25

Oil India's Mozambique Project Resumes as Force Majeure Lifted

Oil India Limited (OIL) announced the lifting of force majeure on its Area-1 Offshore Rovuma Basin Block project in Mozambique. OIL holds a 4% interest in the project through a joint venture. The force majeure, declared in April 2021 due to security concerns, was lifted in November 2023 following improved security conditions. The project includes two LNG trains with a total capacity of 13.12 MMTPA. This development signals potential resumption of activities and progress towards the operational phase, enhancing OIL's global portfolio and contributing to India's energy security.

31Oct 25

Oil India Limited Announces Key Senior Management Changes

Oil India Limited has announced a change in its senior management. Shri Binayananda Bharali, currently Executive Director (OSD), will replace Shri Rupjyoti Phukan as Resident Chief Executive (RCE) effective November 1, 2025. Bharali, with over 30 years of industry experience and an M.Tech in Applied Geology, will assume this crucial role overseeing the company's operations and strategic initiatives. The announcement was made in compliance with SEBI regulations, demonstrating the company's commitment to transparency and good corporate governance.

28Oct 25

Oil India Limited Forges Strategic Alliances Worth ₹1.35 Lakh Crore with BPCL and NRL

Oil India Limited (OIL) has signed two significant MoUs at the 28th Energy Technology Meet 2025 in Hyderabad. The first, with BPCL, is for a ₹1 lakh crore Greenfield Refinery and Petrochemical Complex near Ramayapatnam Port in Andhra Pradesh, with a 9-12 MMTPA refining capacity and 1.5 MMTPA ethylene cracker unit, set to be operational by FY 2030. The second, a tripartite agreement with BPCL and NRL, involves a ₹3,500 crore cross-country petroleum product pipeline from Siliguri to Mughalsarai, supporting NRL's expansion from 3 MMTPA to 9 MMTPA. These projects aim to enhance India's energy security and contribute to the vision of Atmanirbhar Bharat.

13Oct 25

Oil India Limited Completes Strategic Pipeline Upgrade, Boosting Northeast Energy Infrastructure

Oil India Limited (OIL) has mechanically completed the Numaligarh-Siliguri Product Pipeline (NSPL) upgradation project on October 12, 2025. The project increases the pipeline's capacity from 1.77 MMTPA to 5.50 MMTPA, aligning with the Numaligarh Refinery Expansion Project. This upgrade enhances energy security, supports economic growth, and meets growing demand in Northeast India, contributing to national energy goals.

13Oct 25

Oil India Limited Inks 15-Year Gas Supply Agreement with NEEPCO for Assam Power Plant

Oil India Limited (OIL) has entered into a 15-year Gas Sale and Purchase Agreement (GSPA) with North Eastern Electric Power Corporation Limited (NEEPCO). The agreement involves supplying 1.4 MMSCMD of natural gas to NEEPCO's Assam Gas Based Power Station in Bokuloni, Dibrugarh. This long-term commitment replaces a previous 10-year arrangement, aiming to ensure stable power generation and energy security in Northeast India. The agreement was signed by high-ranking officials from both companies, highlighting its strategic importance.

06Oct 25

Oil India and Mahanagar Gas Join Forces in LNG Sector

Oil India Limited (OIL) and Mahanagar Gas Limited (MGL) have signed a Memorandum of Understanding on October 6, 2025, to collaborate in the LNG sector. The partnership aims to explore opportunities across the LNG value chain, assess LNG viability in heavy-duty transport, and investigate clean energy projects. This collaboration is expected to accelerate the adoption of cleaner fuels in long-haul transport and contribute to reducing pollution. Both companies bring their unique strengths to drive advancements in the LNG sector and clean energy initiatives in India.

30Sept 25

Oil India and GAIL Forge Strategic Partnership to Boost Natural Gas Sector

Oil India Limited and GAIL (India) Limited signed a Memorandum of Understanding on September 30, 2025, to enhance cooperation across the natural gas value chain in India. The partnership aims to combine Oil India's upstream operations with GAIL's marketing and distribution expertise to expand access to cleaner energy nationwide. The collaboration is expected to strengthen national energy security, expand natural gas access, and support India's transition to a gas-based economy. High-ranking officials from both companies and the Ministry of Petroleum & Natural Gas attended the signing ceremony.

29Sept 25

Oil India Strikes Natural Gas in Andaman Shallow Offshore Block

Oil India Limited has announced a significant natural gas discovery in its Andaman shallow offshore exploration block. The state-owned company is currently conducting additional testing to evaluate the extent and commercial viability of the gas reservoir. This discovery could potentially boost India's domestic gas production, contribute to energy security goals, and expand Oil India's portfolio of hydrocarbon assets. The find also positions Oil India as a key player in the emerging Andaman exploration area.

26Sept 25

Oil India Reports Natural Gas Discovery in Andaman Shallow Offshore Block

Oil India Limited has announced the discovery of natural gas in its Andaman shallow offshore block. The occurrence was confirmed in the second exploratory well, Vijayapuram-2, drilled in the Offshore Andaman Block AN-OSHP-2018/1 under the Open Acreage Licensing Policy. This marks the first reported hydrocarbon occurrence in the ongoing exploration campaign in the region. The company is conducting further tests, including gas isotope studies, to fully evaluate the potential of this discovery.

23Sept 25

Oil India Unveils Global Expansion Strategy for Critical Minerals and Energy Exploration

Oil India Limited announces strategic initiatives to expand globally and diversify operations. Plans include exploring critical minerals and rare earth elements worldwide, venturing into geothermal energy with global partners in India, seeking international asset purchases, and partnering for deep-water exploration. These moves aim to align with energy transition trends, strengthen the company's resource base, and adapt to the changing global energy landscape.

19Sept 25

Oil India and RVUNL Join Forces for 1.2 GW Renewable Energy Projects in Rajasthan

Oil India Limited (OIL) has signed a Joint Venture Agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to develop 1.2 GW of renewable energy projects in Rajasthan. The portfolio includes 1,000 MW of solar and 200 MW of wind capacity within RVUNL's Renewable Energy Park. The joint venture company will focus on solar, wind, green hydrogen, and other renewable energy solutions. OIL has also established a subsidiary, OIL Green Energy Limited (OGEL), to drive its clean energy strategy. This initiative aligns with OIL's goal of achieving net-zero carbon emissions by 2040.

19Sept 25

Oil India and HCL Join Forces to Explore Critical and Strategic Minerals

Oil India Limited (OIL) and Hindustan Copper Limited (HCL) have signed an MoU to collaborate on exploring and developing critical and strategic minerals, with a focus on copper and associated resources. This partnership aims to strengthen India's self-reliance in sourcing critical mineral resources, support the National Critical Mineral Mission, and contribute to the country's energy security and technological advancement. The collaboration leverages OIL's expertise in exploration and HCL's experience in copper mining and processing.

18Sept 25

Oil India: Major Exploration Expansion, Doubled Capex, and Refinery Growth

Oil India Limited has announced extensive plans for exploration expansion and refinery growth. The company aims to drill over 80 new wells, targeting 4 MMT oil and 5 BCM gas production by FY26. It has doubled its capex estimate for FY26 to ₹17,000 crores and plans to triple the capacity of its Numaligarh Refinery. Oil India expects the Mozambique LNG project to restart by year-end and reported significant dividends from Russian assets. The company is also investing in renewable energy initiatives and has made progress towards its Net Zero 2040 target.

18Sept 25

Oil India Limited Celebrates Record-Breaking Performance at 66th AGM

Oil India Limited (OIL) held its 66th Annual General Meeting, reporting record-breaking production and robust financial results. The company achieved its highest-ever oil and oil-equivalent gas production of 6.710 MMTOE and natural gas production of 3,252 MMSCM. Financially, OIL reported a total income of ₹23,987.00 crore (standalone) and ₹37,830.00 crore (consolidated), with net profits of ₹6,114.00 crore and ₹7,040.00 crore respectively. The company announced innovative projects including the world's first bamboo-based 2-G Bio Ethanol Plant and a 360 KTPA Polypropylene Plant. OIL also committed to a Net Zero 2040 target and increased investments in renewable energy. The company deployed advanced technologies to enhance operations and reaffirmed its commitment to social development initiatives.

11Sept 25

Oil India Approves Joint Venture with RRVUNL and Renewable Energy Asset Transfer

Oil India Limited has approved a 50:50 joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL). The company also decided to transfer its renewable energy assets at book value to its wholly-owned subsidiary, Oil Green Energy Limited. These moves indicate Oil India's strategy to diversify operations and focus on green energy initiatives.

03Sept 25

NTPC Among 19 Companies Setting Final Day for Dividend-Qualifying Share Purchases

Investors have until Wednesday to purchase shares of 19 companies, including NTPC, to qualify for upcoming dividend distributions. NTPC announced a final dividend of Rs 3.35 per share. Other notable dividend declarations include ONGC (Rs 1.25), Oil India (Rs 1.50), Clean Science and Technology (Rs 4.00), and Bharat Bijlee and Uni Abex Alloy Products (both Rs 35.00 per share). The T+1 settlement cycle in India means investors must buy shares before the record date to be eligible for dividends.

29Aug 25

ONGC Chief Refutes Claims of Russian Crude Below $60 Per Barrel

ONGC Chairperson Arun Kumar Singh has denied reports of Russian crude oil being available below $60 per barrel in the spot market. Singh emphasized ONGC's preparedness for market volatility and highlighted cost management initiatives including reduced drilling rig expenses and logistics savings. He explained that while Russian crude can be economical, higher freight costs often result in landed prices similar to Middle Eastern crude. ONGC Videsh plans to continue overseas expansion and increase production at Russian assets.

28Aug 25

Gulf Oil Lubricants Plans 70% Capacity Expansion to 250 Million Litres

Gulf Oil Lubricants India announces plans to increase production capacity by 70% to 250 million litres within 18 months. The expansion will start at the Chennai plant, with land acquisition completed at Silvassa. The company reported strong Q1 growth, outpacing the industry across B2C, B2B, Industrial, OEM, and Agri-rural segments. Gulf Oil is targeting categories with less than 5% market share for further growth. The company's market cap is ₹6,078.00 crore, with shares trading at ₹1,233.50, down 11.00% over the past year.

19Aug 25

Oil India Reports 45% Drop in Q1 Standalone Profit Amid Lower Crude Prices

Oil India Limited's standalone profit after tax dropped 45% to ₹813.00 crores in Q1 due to a 22% fall in crude oil realization. Revenue declined to ₹5,012.00 crores from ₹5,839.00 crores year-on-year. Despite this, consolidated profit remained stable at ₹2,047.00 crores, supported by strong contributions from subsidiary Numaligarh Refinery Limited and Russian investments. The company produced 0.85 MMT of crude oil and 0.83 BCM of natural gas in Q1. Oil India plans a capital expenditure of ₹6,995.00 crores for the current fiscal year, targeting 3.70 MMT oil and 3.65 BCM gas production.

12Aug 25

Oil India Reports Mixed Q1 Financial Results Amid Challenging Market Conditions

Oil India Limited reported a consolidated Profit After Tax (PAT) of ₹2,046.51 crore, slightly higher than the previous year. However, standalone PAT decreased to ₹813.48 crore due to a 22% drop in crude oil price realization. The company maintained oil and gas production at 1.680 MMTOE and made a new hydrocarbon discovery. Subsidiary NRL increased crude throughput to 799 TMT. The Board approved appointments of new Cost and Secretarial Auditors.

26Jul 25

Oil India Forms Joint Venture for New Ammonia-Urea Fertilizer Plant in Assam

Oil India Limited (OIL) has incorporated a new joint venture, Assam Valley Fertilizer and Chemical Company Limited (AVFCCL), to establish an Ammonia-Urea Complex in Namrup, Assam. The venture includes partners such as the Government of Assam, National Fertilizers Limited, Hindustan Urvarak & Rasayan Limited, and Brahmaputra Valley Fertilizer Corporation Limited. OIL holds an 18% stake in AVFCCL, investing Rs. 1,80,000. The project, known as Namrup IV Fertilizer Plant, aims to enhance domestic fertilizer production. AVFCCL's initial capital structure includes 100,000 subscribed shares at Rs. 10 each. The venture awaits approval from the Department of Fertilizers, Government of India.

17Jul 25

Oil India's Subsidiary Numaligarh Refinery Set for Major Expansion

Numaligarh Refinery, a subsidiary of Oil India, plans to commission a new 120,000 barrel per day crude processing unit in December. This expansion will significantly increase the refinery's capacity, potentially enhancing its market position and contributing to increased production volumes for Oil India. The timely expansion aligns with growing energy demands in the region and could strengthen Oil India's downstream operations.

27Jun 25

Moody's Affirms Oil India's Baa3 Rating, Maintains Stable Outlook

Moody's Investors Service has maintained Oil India Limited's Baa3 credit rating with a stable outlook, affirming its investment-grade status. The rating indicates adequate capacity to meet financial commitments with moderate credit risk. The stable outlook suggests no significant changes in creditworthiness are expected in the near to medium term. This affirmation is notable given the challenges in the oil and gas sector, potentially benefiting Oil India with easier access to capital markets and lower borrowing costs.

02Jun 25

Oil India Kicks Off Gas Production from Bakhritibba DSF Block in Rajasthan

Oil India Limited (OIL) has started gas production from the Bakhritibba Discovered Small Field (DSF) block in Rajasthan. This operational milestone expands OIL's presence in Rajasthan's hydrocarbon sector and demonstrates the company's ability to develop smaller fields efficiently. The new gas stream could potentially increase OIL's overall natural gas output, diversify its production portfolio, and contribute to revenue growth.

28May 25

Oil India Secures Preferred Bidder Status for Rajasthan Potash Block, Reports 30% Surge in Q4 Profit

Oil India Limited has been declared the preferred bidder for the Jorkian-Satipura-Khunja Amalgamated Potash and Halite block in Rajasthan. The company reported a 30% increase in net profit to ₹1,591.00 crore for Q4, with revenue growing 5% to ₹5,519.00 crore. Oil India also achieved its highest combined oil and gas production of 6.71 MTOE.

28May 25

Oil India Secures Potash Exploration Block in Rajasthan

Oil India Limited (OIL) has been allocated a potash exploration block in Rajasthan, marking its entry into mineral exploration. This strategic move diversifies OIL's portfolio beyond its traditional hydrocarbon focus. Potash, crucial for fertilizer production, could contribute to India's agricultural sector and reduce dependence on imports. While specific details about the block are not disclosed, this venture has the potential to broaden OIL's revenue streams and enhance its portfolio diversity.

22May 25

Oil India Reports Q4 Profit Surge and Announces Dividend

Oil India's Q4 net profit increased by 30.11% to ₹15.90 crore, up from ₹12.22 crore in the previous quarter. Revenue rose by 5.34% to ₹55.20 crore. The company's board has recommended a dividend of ₹1.50 per share.

21May 25

Oil India's Q4 Profit Surges 30%, Meets Estimates and Announces Dividend

Oil India Limited reported a 30% increase in Q4 net profit to ₹1,591.00 crore, with revenue rising 5.30% to ₹5,519.00 crore. Full-year profit grew 10% to ₹6,114.00 crore. The board recommended a final dividend of ₹1.50 per share.

29Apr 25

Fitch Reaffirms Oil India Limited's 'BBB-' Credit Rating with Stable Outlook

Fitch Ratings has affirmed Oil India Limited's credit rating at 'BBB-' with a stable outlook, indicating moderate default risk and adequate capacity to meet financial commitments. This affirmation, amid industry challenges, underscores the company's financial stability and operational performance. The stable outlook suggests expectations of maintained performance in the near to medium term, reflecting Oil India's robust business model, strategic importance in India's energy sector, and prudent financial management.

28Mar 25

Oil India Eyes 20% Stake in SQM's Australian Lithium Projects

Oil India Limited is reportedly seeking to acquire a 20% stake in lithium projects owned by SQM in Australia. This strategic move marks Oil India's potential entry into the electric vehicle and renewable energy storage markets, signaling a significant diversification from its traditional oil and gas operations. The acquisition could position Oil India as a key player in the EV supply chain, expand its international footprint, and reduce dependence on fossil fuels. This aligns with the global trend of oil and gas companies expanding into renewable energy sectors, driven by the expected rise in global lithium demand.

24Feb 25

Oil India Limited Forges Strategic Partnership with Assam Power Generation Corporation

Oil India Limited (OIL) has entered into a joint venture agreement with Assam Power Generation Corporation Limited (APGCL). This partnership combines OIL's energy sector experience with APGCL's power generation expertise, aiming to enhance energy production and infrastructure in Assam. While specific details are pending, the collaboration could lead to new energy projects, infrastructure improvements, technological advancements, and regional economic growth.