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Indian Oil Corp

Fire at Indian Oil Corp’s Mathura refinery injures eight

At least eight people were injured in a fire at the Indian oil Corp’s 8 million metric tons per annum (MTPA)...

Published 13 Nov, 2024 10:09am

Markets

India’s diesel consumption to rise 3%-4% in current fiscal year, says Indian Oil chair

India’s annual diesel consumption is expected to rise by 3%-4% in the current fiscal year to March 31, said V....

Published 23 Oct, 2024 01:22pm

Markets

Brent oil hits highest price this year on fresh supply threats

Global oil benchmark Brent on Tuesday rose above $89 a barrel for the first time since October, albeit briefly, as...

Updated 02 Apr, 2024 09:48pm

Markets

India’s top refiner set to tap spot oil as Russian term deal lapses

NEW DELHI: Rosneft and Indian Oil Corp have yet to renew an oil supply deal that expired in March as they have been...

Published 01 Apr, 2024 08:37pm

Markets

Indian Oil awaits sanctions relief extension to resume Venezuelan oil buy

NEW DELHI: India’s top refiner Indian Oil Corp will consider resumption of Venezuelan oil purchases if the US...

Published 27 Mar, 2024 04:38am

World

India will buy Venezuelan oil, says minister

NEW DELHI: India will buy Venezuelan oil as some refiners in the country have the capability to process heavy crude...

Published 15 Dec, 2023 12:15pm

Markets

Indian Oil to double Ennore LNG terminal’s capacity to 10mn tpy

NEW DELHI: Indian Oil Corp, the country’s top refiner, aims to double the capacity of its liquefied natural gas...

Published 24 Nov, 2023 02:40pm

Markets

India fuel sales slow due to monsoon rains

NEW DELHI: Indian state retailers’ gasoline and diesel sales fell in the first half of August from the previous...

Published 16 Aug, 2023 11:01am

Markets

Indian Oil eyes processing bio-naphtha for petrochemicals

NEW DELHI: Indian Oil Corp., the country’s top refiner, said on Friday it is looking to decarbonise its...

Published 21 May, 2023 04:00am

Markets

Indian Oil posts first loss in over 2 years as marketing margins fall

BENGALURU: Indian Oil Corp Ltd on Friday reported a quarterly net loss for the first time in more than two years, as...

Published 29 Jul, 2022 05:00pm

Markets

Russia has no extra oil to sign deals with two Indian buyers

NEW DELHI: Russia's Rosneft is holding back on signing new crude oil deals with two Indian state refiners, three...

Published 08 Jun, 2022 08:12pm

Markets

Asia’s naphtha markets decline

NEW DELHI: Asia’s naphtha markets weakened for a sixth consecutive session on Thursday, and flipped into contango...

Published 27 May, 2022 05:50am

Markets

Russia jumps to fourth position as oil supplier to India, tanker data shows

NEW DELHI: Russia became the fourth-largest oil supplier to India in April, with volumes set to rise further in...

Updated 18 May, 2022 12:30am

Markets

India asks state firms to consider buying Russian oil assets

NEW DELHI: India has asked state-run energy companies to evaluate the possibility of buying European oil major ...

Published 29 Apr, 2022 05:43am

Markets

India’s IOC buys 7m barrels of crude via tenders

SINGAPORE: Indian Oil Corp, the country’s top refiner, has purchased a total of 7 million barrels of crude via...

Published 14 Apr, 2022 04:55am

Markets

Indian Oil Corp to supply fuels to Sri Lanka in 4-5 month deal

NEW DELHI: Indian Oil Corp (IOC), the country's top refiner and fuel retailer, will supply 12-13 fuel cargoes to Sri...

Published 03 Mar, 2022 04:24pm

Markets

India’s BPCL seeks extra Gulf oil, fearing Russian supply hit

NEW DELHI: State-run Indian refiner Bharat Petroleum Corp. is seeking extra oil from Middle Eastern producers for...

Published 02 Mar, 2022 04:35am

Markets

India's IOC buys first Russian Urals crude in 2 years

SINGAPORE: Indian Oil Corp, the country's top refiner, has bought Russian Urals crude for the first time in two...

Published 24 Feb, 2022 12:06pm

Markets

Sri Lanka, Indian Oil Corp unit to sign oil tank restoration deal

COLOMBO: Sri Lanka will sign a deal with Lanka Indian Oil Corporation (LIOC) to restore 75 oil tanks as the country...

Published 01 Jan, 2022 04:07am

Markets

Asia Naphtha/Gasoline-Naphtha inter-month spread narrows to multi-month low, crack cools

NEW DELHI: Asia's naphtha crack eased on Tuesday, and the inter-month spread between first-half October and November...

Published 18 Aug, 2021 04:00am

Business & Finance

India's top refiner buys its first Guyanese oil

The 1 million-barrel cargo will set sail around July 4 on Greece-flagged tanker Militos for India's Paradip port, where it is set to arrive around August 8, according to Refinitiv data.

Published 30 Jun, 2021 05:11pm

Business & Finance

India's top refiner says will buy Iranian oil if sanctions lifted

HPCL Chair: will consider buying Iran oil if sanctions lifted.
HPCL hopes Iran will give discount on crude, shipping.
IOC says to continue with lower refinery runs in May.

Published 20 May, 2021 09:23pm

Business & Finance

India's top refiner cuts crude processing as pandemic knocks fuel demand

The company, along with subsidiary Chennai Petroleum , controls about a third of India's 5 million-barrels-per-day (bpd) refining capacity.
Still, a surge in crude prices boosted inventory gains and gross refined margins (GRMs) at IOC, helping it report a net profit of 87.81 billion Indian rupees ($1.20 billion) for the quarter ended March 31, against a loss of 51.85 billion rupees a year ago.

Published 19 May, 2021 06:13pm

Business & Finance

Indian refiners deepen cuts to Saudi oil purchases in May

State refiners initially planned 25% cut to purchases in May.
Indian and Saudi oil ministers had conversation on Saturday.
Refiners upset with Saudi decision to raise Asia prices.

Published 06 Apr, 2021 02:55pm

Business & Finance

Indian Oil plans $4.5bn Panipat refinery expansion by Sept 2024

Along with expanding capacity, IOC will install catalytic dewaxing and polypropylene units at its Panipat refinery in northern Punjab state.
IOC said expansion of the refinery would raise production of petrochemicals and value-added specialty products to improve its margins and help "de-risk the conventional fuel business of the company".

Published 26 Feb, 2021 06:02pm

Markets

Indian Oil seeks LNG cargo for March delivery

It is seeking the cargo on a delivered ex-ship basis for shipment into Dahej on March 16, the sources added.

Published 01 Feb, 2021 02:50pm

Business & Finance

Indian Oil buys LNG cargo for March delivery

Separately, India's Gujarat State Petroleum Corp (GSPC) bought a cargo for mid-February delivery.

Published 28 Jan, 2021 12:07pm

Markets

India's Dec crude oil throughput picks up as fuel demand accelerates

Refineries can operate at more than their usual capacity through technical alterations.

Published 22 Jan, 2021 11:53am

Markets

India's oil imports at near 3 year high in Dec

While India cut back imports from Middle Eastern, African and US oil in December from the previous month, it marginally lifted its intake of Latin American and Caspian Sea oil.

Published 20 Jan, 2021 12:20pm

Markets

India's IOC cancels LNG import tender due to higher prices

One the of sources said offers were made at current spot rate of about $30/million British thermal units, which is "unaffordable" to Indian customers.

Published 13 Jan, 2021 08:50pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Cotton US¢/pound / Dec 18	68.50
Petrol/Litre / Dec 19	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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