At Rs 190/ share, Oil & Natural Gas Corporation Limited (ONGC) remains one of my strongest buy ideas in the current market environment. ABOUT ONGC ONGC is the second largest oil and gas exploration and production company in the world and ranks 23rd among leading global energy majors. The Company’s primary business includes exploration and…
oil
How Do Oil Marketing Companies Make Money?
In India there are 3 big Oil Marketing Companies (OMCs): Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL). Core Business: Marketing of oil. In addition to pure marketing, these companies also refine and market oil that they buy from upstream oil exploration and production companies including from…
Should You Start Buying Oil Stocks? – Look For These 3 Things
Next time when crude oil price hits U.S. $ 90 / barrel mark, it may well be attributable to “the risk posed by the emerging markets of India, China and Brazil, where increasing affluence resulted in more and more mid income consumers to become automobile owners.” Over the last few days, I must have read…
Crude Oil Wars – How India could benefit from OPECs high supply policy?
Over the past few weeks the entire world’s attention has been focused on crude oil prices. Some countries are benefiting immensely from the recent meltdown in crude oil prices while others are being slowly driven towards bankruptcy. Countries Benefiting – All countries which rely on crude imports. Mainly India and China. Countries Suffering – All…
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