Oil marketing companies, including BPCL, HPCL, and IOC, saw share price declines of up to 3% due to rising global crude prices, which raised concerns over their marketing margins and earnings amid geopolitical tensions ....
The heavy oil, purchased through two separate deals, is planned to be co-loaded on a very large crude carrier to save on shipping cost, and will boost India's imports of Venezuelan crude to at least 6 MMbbl through April ....
Stock market today. Indian equities fell sharply on February 19, with the Nifty 50 dropping 1.4% and the Sensex 1.72% amid rising geopolitical tensions and uncertainty over US interest rates. The Nifty Realty index was the worst hit, falling 2.56% ....
Oil marketing companies' EBITDA and PAT came in at ₹39,500 crore and ₹23,740 crore, respectively for Q3FY26 – up 91% or 2.4x year-on-year, according to estimates by ICICI Securities ....