Company Overview and News

 
Petronet LNG-ONGC gas talks with Qatar hits hurdle

17m freepressjournal.in
New Delhi: Talks between Petronet LNG and ONGC Videsh and the Qatar government on the Indian combine’s plans to invest in liquefaction projects in that country are in limbo as the two sides are not in agreement on pricing of gas, Petronet LNG Managing Director and Chief Executive Officer Prabhat Singh said. Speaking on the sidelines of the India Energy Forum by CERAWeek, Singh told reporters that the Indian companies wanted to buy gas at the well-head price, while Qatar Gas was seeking market price.
IOC BPCL 500547 BRQPY PQRTY 530965 PETRONET 532522

 
Ujjain: Tanker overturns, spills fuel in farm

2018-10-15 freepressjournal.in
Fuel worth lakhs spilled out in a farmland as a tanker containing fuel overturned at Mohanpura bridge, on Saturday. According to details available a tanker of Bharat Petroleum laden with 15000 liters of diesel and 5000 liters of petrol overturned owing to saving some other rashly driven vehicle and people on the road.
BPCL 500547 BRQPY

 
Oil stocks buck market trend! HPCL, Indian Oil, ONGC gain sharply after oil prices fall to two-week low

2018-10-11 financialexpress
Oil and gas stocks gained sharply on Thursday tracking a fall in oil prices to a two-week low, despite a huge sell-off in the Indian stock market amid a rout in global stock markets. Shares of oil marketing companies like Hindustan Petroleum Corp (HPCL), Indian Oil Corp, Oil and Natural Gas Corp, Bharat Petroleum Corp, and GAIL India climbed between 4-19.8% on the domestic bourses.
IOC BPCL 500547 BRQPY GAILY GAILF HINDPETRO 530965 500104

 
HPCL, BPCL, IOC shares rally 7-19% on sharp fall in crude oil prices

2018-10-11 moneycontrol
Fuel retailers Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation shares were among biggest gainers on the Nifty50 after sharp decline in crude oil prices on Thursday.
IOC BPCL 500547 BRQPY HINDPETRO 530965 500104

 
Iran sanctions: India ups imports from Saudi

2018-10-10 financialexpress
Indian refiners have sought additional four million barrel of crude oil from Saudi Arabia in November, a move that might partly compensate for any fall in their imports from Iran consequent to the US sanctions on the Persian Gulf country to be effective November 4.
500325 BPCL 500547 BRQPY RELIANCE RIGD HINDPETRO 500104 RLNIY

 
Saudi Arabia to supply extra oil cargoes to India in November as Iran sanctions loom

2018-10-10 financialexpress
Saudi Arabia, the world’s biggest oil exporter, will supply Indian buyers with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said on Wednesday. The extra cargoes indicate a willingness by Saudi Arabia to increase crude supply to make up the shortfall once sanctions by the United States on oil exports from Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), start up on Nov.
500325 BPCL 500547 BRQPY RELIANCE RIGD HINDPETRO 500104 RLNIY

 
Saudi to supply extra oil cargoes to India as Iran sanctions loom

2018-10-10 thehindubusinessline
Saudi Arabia, the world's biggest oil exporter, will supply Indian oil refiners with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said on Wednesday. Reliance Industries Ltd, Hindustan Petroleum Corp , Bharat Petroleum Corp and Mangalore Refinery Petrochemicals Ltd are seeking an additional 1 million barrels each in November from Saudi Arabia, the sources said.
500325 BPCL 500547 BRQPY RELIANCE RIGD HINDPETRO 500104 RLNIY

 
Saudis To Boost Oil Supply To India As Iran Sanctions Kick In

2018-10-10 oilprice
Tsvetana is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing for news outlets such as iNVEZZ and…
500325 BPCL 500547 BRQPY RELIANCE RIGD HINDPETRO 500104 RLNIY

 
With a 23 paise hike, petrol now at Rs 87.73/litre in Mumbai

2018-10-09 moneycontrol
Petrol and diesel prices increased 23 paise and 31 paise, respectively, in Mumbai on October 9. With this hike, a litre of petrol now costs Rs 87.73 and diesel Rs 77.68 in the financial capital, according to Indian Oil Corporation (IOC).
IOC YESBANK BPCL 500547 BRQPY 532648 HINDPETRO 530965 500104 YYBKY

 
Fuel price reduction to be credit negative for OMCs, says Moody’s

2018-10-08 financialexpress
The government’s decision to reduce petrol and diesel prices by Rs 2.50 per litre, where oil marketing companies (OMCs) will absorb Rs 1 per litre, is seen as credit negative for the OMCs as their operating profits are expected to fall by Rs 6,500 crore in FY19.
IOC BPCL 500547 BRQPY HINDPETRO 530965 500104

 
Air India pays Rs 100 cr to oil marketing cos towards clearing pending dues

2018-10-08 moneycontrol
Air India paid Rs 100 crore to state-owned oil marketing companies to partly clear dues related to purchase of jet fuel, a senior official said.
IOC YESBANK BPCL 500547 BRQPY 532648 530965 YYBKY

 
Fuel price reduction may dent oil cos EBITDA by Rs 6500 crore: Moody’s

2018-10-08 financialexpress
The recent cut in petrol and diesel prices by Rs 2.50 by the Centre is estimated to reduce the combined EBITDA margins of IOCL, HPCL and BPCL by Rs 6500 crore during current fiscal, rating agency Moody’s said Monday. It also said on October 4, the government reduced petrol and diesel retail selling prices by Rs 2.50 per liter, through the lowering of excise duties by Rs 1.50 per litre and asking the country’s oil marketing companies (OMCs) to absorb the remaining Rs 1 per liter ($2.
BPCL 500547 BRQPY

 
Fuel price reduction may dent oil cos EBITDA by Rs 6500 cr: Moody#39;s

2018-10-08 moneycontrol
The recent cut in petrol and diesel prices by Rs 2.50 by the Centre is estimated to reduce the combined EBITDA (earnings before interest, tax, depreciation and amortization) margins of IOCL, HPCL and BPCL by Rs 6500 crore during current fiscal, rating agency Moody's said Monday.
BPCL 500547 BRQPY HINDPETRO 500104

 
OMCs to complete 10 billion dollar overseas borrowings in 1 year

2018-10-05 freepressjournal.in
New Delhi: A day after relaxing overseas borrowing norms for oil companies, the government on Thursday said state-owned fuel retailers will have to complete $10 billion external commercial borrowing (ECBs) within a year and they would not be required to hedge the exposure.
IOC BPCL 500547 BRQPY HINDPETRO 530965 500104

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