Oil Prices Outlook Weak | ONGC, HPCL And OMC Stocks Look Attractive

With oil prices remaining largely stable over the past few years, the oil and gas sector has stayed under the radar despite global uncertainties. While geopolitical tensions and occasional supply-related concerns continue to cause short-term nervousness, the long-term outlook for crude oil remains bearish, driven by the rise of renewable energy, electric vehicles and structural shifts in global demand. Oil marketing companies are expected to benefit from lower crude prices over the long term, while exploration companies like ONGC appear attractively valued despite a muted outlook for oil prices. Positive developments in overseas assets and steady earnings visibility over the next 2–3 years add to the investment case. Among OMCs, HPCL stands out as the most attractively valued stock. The key question remains: is this a value opportunity or a sector best approached with caution?