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Read more about Oil and Gas shares rise on Business Standard. Oil and Gas stocks were trading in the positive zone, with the S&P BSE Oil&Gas index rising 243.36 points or 1.77% at 13991.47 at 09:48 IST.
Oil and Gas stocks were trading in red, with the S&P BSE Oil&Gas index decreasing 7.91 points or 0.06% at 13710.93 at 13:48 IST. Among the components of the S&P BSE Oil&Gas index, Oil & Natural Gas Corpn Ltd (down 0.88%), Hindustan Petroleum Corporation Ltd (down 0.62%), Petronet LNG Ltd (down 0.28%), and Indian Oil Corporation Ltd (down 0.11%), were the top losers. On the other hand, Castrol India Ltd (up 1.65%), Gujarat State Petronet Ltd (up 0.39%), and Bharat Petroleum Corporation Ltd (up 0.24%) turned up.
At 13:48 IST, the S&P BSE Sensex was up 334.75 or 0.73% at 46341.44.
The Nifty 50 index was up 88.7 points or 0.66% at 13555.
The S&P BSE Small-Cap index was up 391.8 points or 2.29% at 17509.46.
India s crude oil production fell by 5 per cent in November primarily due to a sharp drop in output at Rajasthan oilfields operated by private sector Cairn Vedanta, government data showed on Tuesday. India is dependent on imports for 85 per cent of its needs and the government is pushing domestic explorers to raise output to help cut down imports.
Crude oil production in November at 2.48 million tonnes was lower than 2.61 million tonnes produced in the same month a year back. Rajasthan fields produced 9.6 per cent less crude oil at 476,990 tonnes as Mangala, Aishwarya and other fields in the Cairn block flowed less oil for a variety of reasons, according to data released by the Ministry of Petroleum and Natural Gas.
»India s Crude Oil Production Slips 5% in November Due to Drop in Output at Rajasthan Oilfields
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India s Crude Oil Production Slips 5% in November Due to Drop in Output at Rajasthan Oilfields
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India is dependent on imports for 85 per cent of its needs and the government is pushing domestic explorers to raise output to help cut down imports.
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India s crude oil production fell by 5 per cent in November primarily due to a sharp drop in output at Rajasthan oilfields operated by private sector Cairn Vedanta, government data showed on Tuesday. India is dependent on imports for 85 per cent of its needs and the government is pushing domestic explorers to raise output to help cut down imports.