Oil and Gas Sector

Indian Oil informed the stock exchanges that the agreement will be a 50:50 domestic joint venture between the two firms.

The diesel maker also said that the board has approved an interim dividend of ₹20 for the fiscal year 2023-24.

Currently, OIL evacuates 1.72 MMTPA of petroleum products through NSPL and delivers them to the NRL Marketing Terminal in Siliguri.

ONGC dug 541 wells, the most in the previous 34 years, including 103 exploration and 438 development wells.

NIIF will shortlist bidders in the next weeks, allowing them to undertake due diligence on the company before submitting binding financial proposals.

According to the International Atomic Energy Agency, only China and Russia now operate SMR units, with several other countries preparing to do so.

The Indian refiner has also purchased 2 million barrels of WTI crude for loading in April through a spot contract, according to sources.

IOC, the country's largest oil business with over 40% of the gasoline market, will be the first Indian company and one of just a few in the world to provide fuel for Formula One.

Mahanagar Gas saw its worst-ever single-day decline of over 16%, while Indraprastha Gas saw a 7% decline

US West Texas Intermediate crude prices dropped 11 cents to $78.04 a barrel