Valuations are not demanding. Currently, the stock trades at around seven times estimated earnings for FY20Needless to say, investors would do well to follow the trend in oil prices
1 min read10 Jun 2019OPEC president Al Mazrouei says oil producers will do whatever is required to keep the market stable and keep crude inventory levels where they are
1 min read14 Nov 2018Oil prices shed a fifth of their value in just one month
2 min read11 Nov 2018After a week of playing coy about who he's been trying to enlist to help buy out Tesla's publicly traded shares, Musk revealed at least one potential partner: Saudi Arabia
2 min read14 Aug 2018Stating that current high oil prices dent the economic development of many countries, Dharmendra Pradhan said already fragile world economic growth will be at threat if oil prices persist at these levels
1 min read20 Jun 2018ONGC shares closes 4.50% lower at Rs167.65 on BSE, while Oil India shares ends 6.83% down at Rs214.80
1 min read24 May 2018Saudi Arabia hopes to bring Russia into the fold of an expanded club of global oil giants to sustain a stable market, leaving Opec's role in question
3 min read19 Apr 2018The US will overtake Russia as the world's biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) has said , as the country's shale oil boom continues to upend global markets
1 min read27 Feb 2018It was the first time that Saudi Arabia had publicly raised the possibility of a new form of coordination among oil producers after 2018
2 min read21 Jan 2018While Opec and some other producers, including Russia, have cut supplies this year in order to prop up prices, US production has soared by almost 10% this year
1 min read10 Oct 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared