The quarter started on a pessimistic note for oil prices following news of easing of US sanction on Iran. However, production disruption from Venezuela and stricter sanctions once again on Iran led to an increase in oil prices. However, average Brent crude prices remained slightly lower at US$63.1/bbl in Q4FY19. ONGC stock price continues to fear subsidy for PSU upstream companies, following higher fiscal deficit last year. However, nil subsidy last year and the recent decline in oil prices makes us believe there would be nil subsidy on ONGC unless there is a sharp uptick in oil prices....