Higher gas prices helpful for ONGC, but cheaper crude is a bigger worry2 min read . Updated: 30 Sep 2020, 09:06 PM IST
While Brent prices have recovered from April-lows, they have declined by about 38% so far this year
A recent Bloomberg report said India is considering a floor price for natural gas produced from local fields. The proposal being considered by the oil ministry pegs gas price to benchmark Japan-Korea LNG prices with a discount. This could improve realizations of state-run oil and gas producer Oil and Natural Gas Corp. Ltd (ONGC).
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