Oil and Gas Sector

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

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.