Trinidad and Tobago in talks with ONGC Videsh, Oil India to refine Venezuelan crude
Oil and Natural Gas is in focus.
· LiveMint Companies
The Caribbean government has proposed that the two Indian oil companies process crude from neighbouring Venezuela at the Guaracara refinery in Pointe-à-Pierre, which forms part of the former Petrotrin complex and is currently under renovation.
The analysis
Against that, the stock is -0.2% on the day at ₹225.39, and has returned -6.7% over three months. It sits 25% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -5.7% over the same period, so Oil and Natural Gas is running 1.0 points behind its peers.
With Oil and Natural Gas, Oil India and Indian Oil all implicated, this reads as a Oil & Energy-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- 3 of the 3 companies named are in Oil & Energy, so the story reads across that sector rather than for one company.
- On the day, 0 of 3 are higher: Oil India leads at -0.1% and Indian Oil trails at -0.2%.
- Over three months: Oil and Natural Gas (ONGC) -6.7% against Oil & Energy -5.7% (1.0 points behind); Oil India -0.6% against Oil & Energy -5.7% (5.1 points ahead); Indian Oil -7.0% against Oil & Energy -5.7% (1.3 points behind).
- At least 25% below the 52-week high: Oil and Natural Gas (ONGC) (25%) and Indian Oil (31%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Oil and Natural Gas (ONGC)ONGC · Oil & Energy | ₹225.39 | -0.2% | -0.2% | -6.7% | -25.2% | 0.6× | — |
| Oil IndiaOIL · Oil & Energy | ₹454.00 | -0.1% | +1.2% | -0.6% | -12.4% | 0.8× | — |
| Indian OilIOC · Oil & Energy | ₹130.15 | -0.2% | -3.5% | -7.0% | -30.6% | 1.4× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Oil and Natural Gas (ONGC), Oil India, Indian Oil
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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