How rising crude prices amid Strait of Hormuz closure may spell gains for Indian upstream oil companies

Middle East conflicts are driving crude oil prices above $100 per barrel, significantly boosting earnings for Indian upstream oil giants like ONGC and Oil India. While these companies anticipate substantial profit increases due to higher realisations, they face challenges from declining production in aging fields.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/vL2Qqu0