August 2016

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Oil exploration hit by low prices

Cairn Energy has still not decided whether to commit to a 3D seismic survey of Area 3, saying it would first conclude the 2D seismic and geological evaluation currently underway. Carin is the operator for…

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HPCL inventory gains should lead to higher dividend payout

Inventory gains are becoming a norm for refining companies’ June quarter results. We saw Reliance Industries Ltd’s financials benefit from inventory gains. Hindustan Petroleum Corp. Ltd’s (HPCL) results too show the same trend. The state-run…

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Oil prices dip as focus returns to global supply overhang

Oil prices dipped on Thursday, extending the previous day’s decline, as the market focus returned to a global supply overhang, although a surprise fall in Chinese crude inventories did lend some support. International benchmark Brent…