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Indian Oil Corp

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

Business & Finance

India's IOC buys its first cargo of Iraqi Basra Medium oil

IOC loaded the cargo onto Minerva Kalypso, a suezmax-sized vessel, which left Iraq's southern port of Basra on Jan. 4.
The ship is expected to arrive at Chennai port in southeastern India for IOC's subsidiary Chennai Petroleum Corp (CPCL) around Jan. 14.

Published 06 Jan, 2021 07:23pm

World

India plans tough annual targets for state firms to boost valuations

The government, which is trying to rein in its fiscal deficit, wants state-run firms to focus on improving market capitalisation and dividend payouts from the 2021/22 fiscal year, starting April, as well as ramping up the sale of non-core assets, the sources said.

Published 21 Dec, 2020 09:35am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 1	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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