Emissions rise from chimneys at the Oil and Natural Gas Corporation Ltd. Uran plant in Uran, Maharashtra. Photographer: Dhiraj Singh/Bloomberg
Brokerages expect Indian oil explorers like Oil & Natural Gas Corp. and Oil India Ltd. to benefit from rising crude prices, stemming from optimism over vaccination drives across the world and a pick-up in economic activity. But there are other concerns around the two oil explorers.Brent crude prices, having plunged to below $40 per barrel in March 2020 following the Covid-19 pandemic, went past the $50-mark for the first time in Dece...