How rising crude prices will impact oil industry

How rising crude prices will impact oil industry

India has been a major beneficiary of the fall in international crude oil prices over the past few years. But crude prices have been rising for some time and Brent crude has already touched a 41-month high of $75 dollar (Rs 5,000) per barrel.

Will This Merger Fuel India’s Oil Industry?

Will This Merger Fuel India’s Oil Industry?

Decks are cleared for the ONGC-HPCL merger with the Cabinet giving the go-ahead on Wednesday. While the government mops up roughly Rs 26,000 crore, or 40 per cent of its FY18’s disinvestment target, ONGC-HPCL will now have presence in the entire value chain.