#Windfall

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Budget may tap oil windfall? JM Financial flags excise-duty risk for HPCL, BPCL, IOCL; backs Oil India, ONGC Venezuela: Trump's $3 billion oil windfall — Why it matters

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Budget may tap oil windfall? JM Financial flags excise-duty risk for HPCL, BPCL, IOCL; backs Oil India, ONGC

Business

Economic Times•Jan 8

Budget may tap oil windfall? JM Financial flags excise-duty risk for HPCL, BPCL, IOCL; backs Oil India, ONGC

JM Financial advises caution on oil marketing companies (OMCs) like HPCL, IOCL, and BPCL due to potential excise duty hikes in the upcoming budget. The brokerage reiterates buy ratings on upstream producers Oil India and ONGC, citing attractive valuations and medium-term production growth potential amidst subdued crude prices.

Venezuela: Trump's $3 billion oil windfall — Why it matters

World

Deutsche Welle•Jan 7

Venezuela: Trump's $3 billion oil windfall — Why it matters

US President Donald Trump has announced a deal with Venezuela's interim government to transfer millions of barrels of oil to the US. DW explores how the plan could be a blow to China, Russia, Iran and Cuba.