PETROLEUM PLANNING AND ANALYSIS CELL
US trade deficit widens in May on weak exports
The U.S. trade deficit widened for a second consecutive month in May, reaching $75.1 billion as exports decreased, potentially impacting economic growth in the second quarter; the goods trade deficit also rose to $100.2 billion, the highest since May 2022, with a 0.9 per cent increase, while services exports saw a boost from travel, helping offset declines in automotive and goods exports.
Spot financial trends using this MS Excel tool and make advanced predictions for investing
MS Excel helps recognise the seasonal patterns, allowing investors to make advanced predictions.
India's downstream oil and gas profits to fall; upstream to remain strong: Fitch Ratings
India's oil and gas sector is forecasted to have mixed fiscal performance in FY24, with downstream profits expected to decline while upstream growth remains robust, driven by a 3-4% increase in petroleum product demand for FY25. Diesel and petrol will dominate consumption, with anticipated stable marketing margins for oil marketing companies. Upstream companies will continue high capex for production growth, while crude oil import dependency is projected to increase despite rising domestic production.
Inside Tata Motors' plan to stay ahead in the EV race
Tata Motors, a dominant player in the Indian electric car market, is on a mission to solidify its position by implementing an ambitious plan. With a significant increase in electric car sales in the past fiscal year, the company aims to further drive growth by integrating electric vehicles (EVs) and rooftop solar (RTS) systems. Tata Motors plans to promote synergy between RTS and EVs, with the goal of having 50 percent of Tata EV users also utilizing RTS by the end of the decade, a substantial increase from the current 10-15 percent.
India's May fuel use inches up on month on strong industrial activity
India's fuel consumption in May increased due to strong industrial activity and elections, as per data from the PPAC. The country's oil demand and consumption trends are reflected in the data provided by the PPAC.
Railways stocks: Stay bullish, just hedge a bit to avoid mistake of selling in haste: 7 outperforming railways stocks across different segments
Even the best of the rational brain can make wrong decisions when there is too much noise which gets created due to a narrative. Now for the last few days a narrative has been created that due to polls, FPI are selling. These kinds of narratives tend to hit the sector and stocks which are sitting with big gains and are dependent on government policy push. Railways was among the last sectors to get re-rated due to the policy focus. Whether it was companies which are financing the expansion of railways or private sector companies which are making coaches, all of them have done extremely well. Given the fact the railways is likely to be the focus area, the long term story remains intact. Only thing is that one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate and the sector has a long runway.
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Get your portfolio ready for election results: Hedge the re-rated oil and gas sector stocks
Right from power, railways, PSU banks, sectoral lenders to oil and gas there are many sectors which have made a comeback in the last 10 years. Comeback both in the real business sense, where the operating matrix and fundamentals of the sector have improved which has led to better performance. Also a comeback on valuation front, where the stocks which were quoting at a price earning multiple of single have been now consistently quoting in high double multiples. A number of them have seen this transformation due to a stable policy environment, policy push and policy cleanup which the government has undertaken in the last ten years. The consensus estimate of the street is that policy continuity is the most critical thing for the re-rating to continue. In this new series, we take a different sector and how much they are dependent on government policy and how investors can protect their portfolio from any sudden decline.
India's fuel demand hits new FY record, up about 5%
India's fuel consumption decreased by 0.6% year-on-year in March, totaling 21.09 million metric tons. However, demand for the 2024 financial year increased by about 5%, reaching a record high of 233.276 million tons. Sales of diesel, gasoline, bitumen, cooking gas, and naphtha saw increases, while fuel oil usage declined in both March and the fiscal year.
Gas price for Reliance trimmed to $9.87; rate for gas that feeds CNG, PNG supplies still at $6.5
The government has announced a marginal reduction in the price of natural gas produced from difficult areas like the deep sea KG-D6 block of Reliance Industries, setting it at USD 9.87 per million British thermal unit for the six-month period starting April 1. This adjustment aligns with the softening of benchmark international gas prices.
Dividend yield is more than just passive income: 6 PSU stocks with 4.14-5.67% yield
Stock price and dividend yields have an inverse relationship but before this inverse relationship kicks in there is a level of equilibrium. Now this level of equilibrium is a subjective level which moves according to risk free interest rate level which FD provides. But there is another equilibrium level which mathematical equations don't solve. Stocks with reasonable probability of outperforming in a bearish market. The use of the word reasonable brings in the element of subjectivity.
LNG importers rush to buy spot cargoes as price hits 3-year low
LNG importers Gail, Gujarat State Petroleum Corporation (GSPC), Torrent Gas, Bharat Petroleum Corp (BPCL) and Indian Oil Corp (IOC), among others, are buying spot cargoes as the Asia spot LNG price has fallen between $8.3 and $9 per million British thermal units (mmBtu) due to weak demand and high inventory in both Asia and Europe, giving these companies room to expand sourcing and sales to the power, fertiliser, refining and other sectors.
India's fuel demand rises 5.7% YoY in February on strong factory output
India's fuel consumption increased by 5.7% YoY in February, reaching 19.72 million metric tons, according to government data. This growth was attributed to strong factory activity in the country. Diesel demand, primarily used by trucks and commercially run passenger vehicles, rose by 6.2% YoY to 7.44 million tons in February.
Oil on Fire: India must plan if Israel-Hamas conflict widens
As economic growth and climatic changes constantly push up the demand for power to new heights, the use of coal despite its "dirty" epithet, is set to rise inexorably in the foreseeable future. Despite a robust rise in India's renewable energy capacity, for several reasons, it is yet to make its full impact, forcing the economy to fall back to more reliable coal-based power.
PM Modi in Madhya Pradesh, Chhattisgarh on Thursday to launch development projects
The state-of-the-art Bina refinery of the Bharat Petroleum Corporation Limited, which will be developed at a cost of about Rs 49,000 crore, will produce about 1,200 KTPA (Kilo-Tonnes Per Annum) of ethylene and propylene, vital component for various sectors like textiles, packaging and pharma among others.
India's July oil imports slip on monsoon lull, lower Russian inflows
India's crude oil imports fell for the second straight month in July in line with lower consumption due to monsoon rains and lower shipments from Russia and Saudi Arabia as prices rose following recent supply cuts from the two oil producers.
India's July fuel demand up 1.9% year on year
India's fuel demand rose by 1.9% YoY in July, yet it was still down about 6.6% from the previous month, mainly due to seasonal factors. Sales of gasoline fell 5.3% to 2.99 million tonnes and sales of diesel decreased around 13% to 6.89 million tonnes in July from the previous month.
Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Earnings rating is calculated based on three factors - earnings surprises, estimate revisions and recommendation changes.
Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Profitability, debt, earnings quality and dividend trends are evaluated under the fundamentals component in the report. Each sub-component is given equal weightage to be ranked on a scale of 1 to 10.
Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component.
Indian crude basket yet to factor in discounted Russian buys
The Indian basket of crude oil, which represents the cost of the country’s crude imports, has yet to include discounted Russian oil flooding the market. As India is particularly dependent on Russia for around one-third of its oil requirements, the price of imported oil is likely lower than the one currently represented by the Indian basket.
Domestic oil demand growth to halve to 5% in FY24: Govt forecast
India will consume 233.8 million metric tonnes (MMT) of refined products in 2023-24 compared to the estimated consumption of 222.9 MMT in this fiscal, the PPAC has forecast on its website without offering any explanation for the estimates.
India expects fuel demand to grow 4.7% in the next fiscal year
Domestic demand for gasoline, used mainly in passenger vehicles, is expected to rise by 7.1% to 37.8 million tonnes, while gasoil consumption was seen growing by about 4.2% to 90.6 million tonnes, the data showed. Indian state refiners' gasoline and gasoil sales rose in the first two weeks of February from the same period last month, preliminary data showed, boosted by a pick up in transport of goods and mobility.
January fuel demand rises 3.3% year on year
Sales of gasoline, or petrol, jumped 14.2% to 2.82 million tonnes. Cooking gas or liquefied petroleum gas (LPG) sales decreased 2.1% to 2.51 million tonnes.
India's December fuel demand rises 3.1% year on year
Sales of gasoline, or petrol, were 5.9% higher at 2.98 million tonnes. Cooking gas or liquefied petroleum gas (LPG) sales increased 3.9% to 2.58 million tonnes.
Kirit Parekh panel recommends 20 pc premium for new gas production by ONGC, OIL
The Kirit Parikh Committee, which recommended a floor and ceiling price for natural gas produced from legacy fields of state-owned producers to moderate input price for CNG and fertilizer, has favoured paying ONGC and OIL a premium of 20 per cent over such price for any new gas production they add from old fields.
Indian crude oil basket hits 10-year high; petrol, diesel prices unchanged
As per the PPAC, the Indian basket of crude oil averaged USD 111.86 per barrel between February 25 and March 29 - the immediate period after Russia's invasion of Ukraine sent oil on fire. It averaged USD 103.44 a barrel between March 30 and April 27.
India's February fuel demand rises 5.4% year-on-year
Cooking gas or liquefied petroleum gas (LPG) sales increased 6.1% to 2.40 million tonnes, while naphtha sales fell 2.4% to 1.19 million tonnes.
India's fuel consumption shows almost no growth in December
Sales of gasoline, or petrol, were 4.1% higher from a year earlier at 2.82 million tonnes, while diesel sales increased 1.6% from the same period last year.
Oil bond dues: The rationale behind not reducing your fuel bill
Modi government quoted oil bonds as the reason for not cutting the high fuel prices. UPA government issued oil bonds to compensate the losses of Oil Marketing Companies. The excise collected on fuel unfolds a different story altogether.
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