Oil and Gas Sector

This is the third time this month that the administration has increased the windfall tax on domestically produced crude oil.

April delivery of Brent futures increased by 29 cents, or 0.4%, to $82.20 per barrel

Petrol and Diesel prices in cities across India on 01-03-2024

Brent crude futures had dropped 22 cents, or 0.3%, to $83.46 per barrel.

The companies were quick to point out that the government appointed the directors and they had no involvement in it.

U.S. West Texas Intermediate crude futures were down 25 cents, or 0.3%, at $78.36

Petrol and Diesel prices in cities across India on 23-02-2024

Events at the Red Sea have heightened supply disruption risks for oil, for which prices are up 4% MoM

Petrol and Diesel prices in cities across India on 22-02-2024

U.S. West Texas Intermediate crude futures (WTI) increased by 17 cents to $78.08 per barrel.