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☆ 'Bargain' energy stocks: Morningstar strategist picks 5 to buy as oil prices slide
▼ + stars: | 2024-04-23 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Heightened geopolitical tensions have triggered volatility in crude oil prices, but one strategist is looking keenly for opportunities in the energy sector. Stephen Ellis, energy and utilities strategist at Morningstar, said oil market volatility does present challenges and urged investors to be patient, which "regularly pays off within energy." Brent crude oil prices were trading around $86.50 on Apr. 'Quality' names within energy Ellis said he searches for quality names when selecting stocks in the energy space. "All of these are 'moaty' firms that have some upside to our fair value estimates, even in a period of high oil prices," Ellis explained.

Persons: Stephen Ellis, Ellis, Morningstar, SLB Morningstar, It's Organizations: Morningstar, CNBC Pro, TC Energy, APA Corp, ExxonMobil, Schlumberger Locations: Brent, Suriname

☆ There's 'no case' for underinvestment in oil and gas in India, says Indian oil company
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's 'no case' for underinvestment in oil and gas in India, says Indian oil companyArun Kumar Singh, CEO of the Oil and Natural Gas Corporation, says that's because the country's economy is "doing very well" and will continue to consume a lot of oil and gas.

Persons: Arun Kumar Singh Organizations: Natural Gas Corporation Locations: India

☆ India importing Russian oil is a ‘win-win’ for the world economy, says India’s No. 1 oil company
▼ + stars: | 2023-09-06 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

India's imports of Russian crude is a win-win situation for the world's economy, said Oil and Natural Gas Corporation. SINGAPORE — India's imports of Russian crude is a win-win situation for the world economy, according to India's No. Since Russia's invasion of Ukraine in February last year, India's refiners have been snapping up discounted Russian oil. Moscow has since leapfrogged to become India's leading source of crude oil, accounting for about 40% of India's crude imports. India's economy has benefited from the discounted prices, Ramesh said.

Persons: K.C, Ramesh, ONGC, India's Organizations: Natural Gas Corporation, SINGAPORE —, European Union Locations: Tuapse, Russia, India, Europe, Singapore, Ukraine, Moscow

☆ Indian shares set to open lower; domestic inflation data in focus
▼ + stars: | 2023-08-14 | by ( Manvi Pant | ) www.reuters.com time to read: +2 min

A security guard walks past the logo of the National Stock Exchange (NSE) inside its building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas/File PhotoBENGALURU, Aug 14 (Reuters) - Indian shares on Monday are expected to start on a slightly weaker note in the holiday-truncated week as earnings season draws to a close, ahead of domestic retail inflation data due later in the day. India's GIFT Nifty on the NSE International Exchange was down 0.28% at 19,432 at 7.58 a.m. IST. Foreign investors sold shares worth 30.73 billion Indian rupees ($370.80 million) on Friday, according to provisional data from the National Stock Exchange (NSE). ($1 = 82.8740 Indian rupees)Reporting by Manvi Pant in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Manvi, Eileen Soreng Organizations: National Stock Exchange, REUTERS, NSE, Reserve Bank of India's, ITC, Vodafone, BSE, Associates, Deloitte, Natural Gas Corporation, Jindal Steel, Thomson Locations: Mumbai, India, BENGALURU, China, Beijing, Manvi Pant, Bengaluru

[1/3] Drivers push auto rickshaws in a line to buy petrol from a fuel station amid Sri Lanka's economic crisis, in Colombo, Sri Lanka, July 29, 2022. India's foreign ministry did not respond to questions from Reuters on its plans and strategic aims in Sri Lanka. New Delhi has long been concerned about China's clout in its neighbourhood, including Nepal, Bangladesh and Sri Lanka. "And as far as Sri Lanka is concerned, we don't want to contribute to any escalation of tension between any countries." "Sri Lanka has clearly benefited from being the closest neighbour to the most powerful country in the region.

☆ Peste 90 de oameni au dispărut pe mare în timpul ciclonului Tauktae: Alți 700 de oameni sunt blocați pe barje aflate în larg
▼ + stars: | 2021-05-18 | by ( ) www.jurnal.md time to read: +2 min

Sursa foto: AFPPeste 90 de oameni au dispărut pe mare în timpul ciclonului Tauktae: Alți 700 de oameni sunt blocați pe barje aflate în largPeste 90 de oameni sunt dați dispăruți în India după ce o barjă aflată în largul coastei de vest s-a scufundat în timpul ciclonului Tauktae, informează BBC. Marina indiană a salvat 177 din cei 270 de oameni aflați la bordul barjei scufundate și caută în continuare supraviețuitori. Alte trei barje comerciale, la bordul cărora se află 700 de oameni, sunt blocate pe mare. Ciclonul Tauktae a slăbit în intensitate după ce a ajuns pe pe uscat, însă cel puțin 12 oameni au murit deja în timpul furtunii. Vântul puternic a provocat distrugeri pe coasta de vest a Indiei, scoțând copaci din rădăcini și doborând stâlpi de electricitate.

Persons: barja Organizations: BBC, Marina, India Oil and Natural Gas Corporation, Marinei, ONGC Locations: India, Mumbai, Maharashtra, Gujarat, Gurajat, Indiei

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