Page 46 - Ioc News Today

State-owned Indian Oil Corporation (IOC) has cornered more than a third of natural gas that Reliance Industries Ltd and its partner bp of the UK offered in the latest auction of the KG-D6 gas, sources said. IOC got 1.45 million standard cubic meters per day out of the 4 mmscmd of gas auctioned last week.

India Business News: State-owned oil and gas giants IndianOil, ONGC, BPCL, HPCL, Oil India Ltd, and Engineers India Ltd have been fined for the second quarter in a row for

Brent, the worlds best known benchmark for the raw material that is converted into fuels like petrol and diesel in refineries, is trading at USD 80 per barrel. As per the pricing in the term contracts, ONGC would get USD 80 plus USD 0.8 for the oil it will sell to HPCL and BPCL.

In separate filings, the companies detailed the fines imposed by the BSE and NSE but were quick to point out that appointment of directors was done by the government and they had no role in it.

Indian Oil Corp plans to double its liquefied natural gas (LNG) import terminal at Ennore in southern India to 10 million metric tons per year, amid growing demand. The company aims to increase its share of gas in Indias energy mix to 15% by 2030, and boost local gas sales to 20 million metric tons per year.

A total of 1,185,869 shares changed hands on the counter till time (IST).

On the technical charts, the RSI of the stock stood at 69.0.

On the technical charts, the 200-day moving average of the stock stood at Rs 87.81.

A total of 590,929 shares changed hands on the counter till 11:41AM (IST)

Crude oil prices fell on Wednesday to their lowest in over three months, after industry data showed a steep build in US crude supplies, while mixed Chinese economic data raised worries about global demand for crude, a Reuters report said.