India remains a top destination for global investors: Deutsche

India remains a top destination for global investors, said David Lynne, Head of Corporate Bank and Fixed Income & Currencies, Deutsche Bank APAC. While we may be seeing risk-off sentiment in the current environment, you can expect to see interest in the Indian financial markets revive in the coming months. India would be one of…

India’s fuel demand will return to pre-Covid levels in July: Bharat Petroleum

India’s gasoline and diesel demand is expected to return to pre-lockdown levels in July, an executive at the country’s second largest fuel retailer Bharat Petroleum Corp said on Thursday.”The current demand for petrol and diesel is at 70% of levels seen before the lockdown,” Vijayagopal N, director of finance at BPCL, said in a call…

Petronet LNG welcomes PNGRB’s decision for the establishment of LNG dispensing station

Petroleum Natural Gas Regulatory Board (PNGRB) in its public notice on 2nd June 2020 announced that any entity can set up an LNG station in any Geographical Area (GA) or anywhere else, even if it is not the authorised entity for that GA. This clarification by the PNGRB has been wholeheartedly welcomed by PLL management.…

Saudi Aramco – one of the main beneficiaries of the deal, OPEC+

After extension in the framework of OPEC+ last Saturday of the current restrictions of oil production until July, Saudi Arabia, and state company Saudi Aramco (SE:2222), in particular, have achieved the greatest growth of export prices for its crude oil for at least two decades, according to Bloomberg. Limiting production will have an impact primarily…

ONGC Videsh output may fall in FY21 on natural decline, OPEC+ supply cut

NEW DELHi: Output at ONGC Videsh, the overseas arm of the state-run explorer, will likely fall in the current financial year after rising for seven straight years due to a natural decline in fields and production cut commitments by key producers such as Russia and the UAE. ONGC Videsh produced about 15 million metric tonnes…