Lower Oil Prices Impact India's Largest Oil Company ...Middle East

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Lower Oil Prices Impact Indias Largest Oil Company
source : OILPRICE ( Middle East ) () 58
Indian state-owned Oil and Natural Gas Corporation Limited (ONGC), the biggest oil and gas explorer and producer in the country, booked a lower net profit for the April-June quarter from a year earlier on the back of falling oil prices and basically flat production.  ONGC reported a net profit of $917 million (80.24 billion Indian rupees) for the first quarter of its 2025/2026 fiscal year, down by 10% compared to the same period of the previous financial year.  Oil prices slumped in April to June by about 10% amid high volatility due…

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