{"id":115045,"date":"2023-12-07T11:18:36","date_gmt":"2023-12-07T05:48:36","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115045"},"modified":"2023-12-07T12:04:09","modified_gmt":"2023-12-07T06:34:09","slug":"why-are-energy-and-oil-stocks-going-up-heres-everything-you-need-to-know","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/why-are-energy-and-oil-stocks-going-up-heres-everything-you-need-to-know\/","title":{"rendered":"Why are Energy and Oil stocks going up? Here&#8217;s everything you need to know"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1613602711\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The oil and energy industry is a broad term that encompasses a wide range of activities, from oil and gas exploration and production to petroleum refining and distribution. The industry is critical to the global economy because it provides fuel for transportation, heating, and electricity generation.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-663519855\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h3 class=\"wp-block-heading\" id=\"h-power-industry\"><strong>Power Industry&nbsp;<\/strong><\/h3><p>Power stocks are surging amid a global energy crisis, driven by rising demand and supply disruptions. Power stocks are attracting investors looking for a haven from inflation and economic uncertainty.&nbsp;<\/p><p>Renewable energy stocks are particularly appealing as governments strive for a more environmentally friendly future. With higher electricity prices increasing profits, the outlook for power stocks remains positive, as energy demand is expected to grow further.&nbsp;<\/p><p>The international energy crisis has caused a rise in commodity prices and power stocks. The proposed Electricity Amendment Bill could also affect power stocks.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1285344232\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h3 class=\"wp-block-heading\"><strong>Here are some stocks related to the power industry.&nbsp;<\/strong><\/h3><h4 class=\"wp-block-heading\"><strong>Tata Power\u00a0<\/strong><\/h4><p>On Thursday, Tata Power&#8217;s share price was 4.8 percent up and hit its 52-week high of Rs 308.45 from its previous close of Rs 294.15. The share has risen 23 percent in the last month and 45 percent in the year to date.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong>KPI Green Energy Ltd\u00a0<\/strong><\/h4><p>On Wednesday, KPI Green Energy Ltd&#8217;s share price closed 2.33 percent up at Rs 1,163 from its previous close of Rs 1162.15. The share has risen 31.5 percent in the last month and 154 percent in the year to date.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong>Power Grid Corporation of India Ltd\u00a0<\/strong><\/h4><p>On Wednesday, Power Grid Corporation of India Ltd&#8217;s share price was 2 percent up and hit its 52-week high of Rs 228.90 from its previous close of Rs 224.40. The share has risen 9.8 percent in the last month and 41 percent in the year to date.&nbsp;<\/p><h3 class=\"wp-block-heading\"><strong>Refinery Industry&nbsp;<\/strong><\/h3><p>The oil and gas industry encompasses three main sectors: upstream, midstream, and downstream. Upstream companies explore and produce oil and gas, while midstream companies transport it to refineries. Downstream companies refine it into petroleum products like gasoline and diesel.\u00a0<\/p><p>Oil prices are at their lowest levels since June, after falling due to high US crude output and gasoline inventories. Brent crude futures were up 32 cents, or 0.43 percent, to $74.62 per barrel as of 01:16 GMT. West Texas Intermediate crude futures in the United States rose 33 cents, or 0.48 percent, to $69.71 per barrel.&nbsp;<\/p><p>Late last week, the Organization of Petroleum Exporting Countries and its allies, including Russia (OPEC+), agreed on voluntary output cuts of about 2.2 million barrels per day for the first quarter of 2024.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-1774191741\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h3 class=\"wp-block-heading\"><strong>Here are some stocks related to the refineries industry.&nbsp;<\/strong><\/h3><h4 class=\"wp-block-heading\"><strong>BPCL\u00a0<\/strong><\/h4><p>On Wednesday, Bharat Petroleum Corporation Ltd\u2019s share price closed 0.8 percent up at Rs 477 from the previous close of Rs 472.85. The share has risen 26 percent in the last month and 41 percent in the year to date.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong>Hindustan Petroleum Corporation Ltd\u00a0<\/strong><\/h4><p>On Wednesday, Petroleum Corporation Ltd\u2019s share price was 3 percent up and hit its 52-week high at Rs 396.00 from the previous close of Rs 384.25. The share has risen 40 percent in the last month and 64 percent in the year to date.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong>Indian Oil Corporation Ltd\u00a0<\/strong><\/h4><p>On Wednesday, Indian Oil Corporation Ltd&#8217;s share price was 2 percent up and hit its 52-week high of Rs 121.85 from the previous close of Rs 117.70. The share has risen 16 percent in the last month and 55 percent in the year to date.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sriram KV<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1115609640\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The oil and energy industry is a broad term that encompasses a wide range of activities, from oil and gas exploration and production to petroleum refining and distribution. The industry is critical to the global economy because it provides fuel for transportation, heating, and electricity generation.&nbsp; Power Industry&nbsp; Power stocks are surging amid a global [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[14363,9210,10560,14968,948,936],"class_list":["post-115045","post","type-post","status-publish","format-standard","hentry","category-news","category-stock-updates","tag-bpcl-share-price","tag-hindustan-petroleum-share-price","tag-kpi-green-energy-share-price","tag-power-grid-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why are Energy and Oil stocks going up? 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