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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Indian Oil Corporation Limited    IOC   INE242A01010

INDIAN OIL CORPORATION LIMITED

(IOC)
  Report
Delayed Quote. Delayed NSE India Stock Exchange - 01/15 06:14:08 am
101.3 INR   -1.84%
01/13IOC cancels LNG import tender due to higher prices - trade sources
RE
01/11Indian Oil seeks LNG cargo for February delivery - sources
RE
01/06India's IOC buys its first cargo of Iraqi Basra Medium oil
RE
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GLOBAL LNG-Asian spot prices slip on more supply from Malaysia, U.S.

11/20/2020 | 02:46am EST

* Lower-than-average temperature expected in Beijing, Seoul

* Loadings from Bintulu returning to normal - trade

* Record high U.S. LNG shipments to China expected in Nov

SINGAPORE/RIO DE JANEIRO, Nov 20 (Reuters) - Asian spot prices for liquefied natural gas (LNG) slipped this week as supply from Malaysia returned after a brief hiccup, though traders were keeping an eye on potential demand during a colder-than-expected winter in Northeast Asia.

The average LNG price for January delivery into Northeast Asia <LNG-AS> was estimated at about $6.40 per million British thermal units (mmBtu), down 10 cents from the previous week, industry sources said.

The price for cargoes delivered in December was estimated to be about $6.70 per mmBtu, down 10 cents to 20 cents from last week, they added.

Temperature in Beijing and Seoul is expected to be lower than average over the next two weeks, weather data from Refinitiv Eikon showed.

Loadings from the Bintulu plant in Malaysia are returning to normal after a brief disruption recently, traders said. This combined with record high exports of the super-chilled fuel from the United States were capping prices, they added.

U.S. LNG shipments to China, for instance, are expected to hit a record high in November, shiptracking data from Refinitiv Eikon showed.

Several sell tenders were issued this week with Nigeria LNG offering 11 cargoes for loading in 2021, while Russia's Novatek offered five cargoes for delivery into Europe next year, industry sources said.

Indonesia's PPT Energy offered 30 cargoes for loading from the Bontang plant over 2021 to 2023, while Russia's Sakhalin Energy offered 36 cargoes for loading between April 2022 and March 2025, they added. Angola LNG also offered a spot cargo for loading in December.

In buy tenders, India's Gujarat State Petroleum Corp (GSPC) and Indian Oil Corp were looking for a cargo each for delivery in January, while Gail (India) issued a swap tender to buy and sell a cargo over January to February, sources said. (Reporting by Jessica Jaganathan in Singapore and Sabrina Valle in Rio De Janeiro; Editing by Subhranshu Sahu)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BP PLC -2.20% 302.45 Delayed Quote.18.70%
EQUINOR ASA -1.14% 165.1 Real-time Quote.13.90%
GAIL INDIA LIMITED -3.82% 138.5 Delayed Quote.12.37%
INDIAN OIL CORPORATION LIMITED -1.84% 101.3 Delayed Quote.11.38%
LONDON BRENT OIL -2.91% 54.8 Delayed Quote.9.17%
PAO NOVATEK -4.18% 1384 End-of-day quote.9.91%
WTI -3.09% 52.11 Delayed Quote.11.60%
All news about INDIAN OIL CORPORATION LIMITED
01/13IOC cancels LNG import tender due to higher prices - trade sources
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More news
Financials
Sales 2021 3 525 B 48 184 M 48 184 M
Net income 2021 122 B 1 668 M 1 668 M
Net Debt 2021 1 216 B 16 618 M 16 618 M
P/E ratio 2021 7,85x
Yield 2021 6,21%
Capitalization 930 B 12 714 M 12 713 M
EV / Sales 2021 0,61x
EV / Sales 2022 0,50x
Nbr of Employees 32 998
Free-Float 26,0%
Chart INDIAN OIL CORPORATION LIMITED
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Indian Oil Corporation Limited Technical Analysis Chart | IOC | INE242A01010 | MarketScreener
Technical analysis trends INDIAN OIL CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Average target price 113,86 INR
Last Close Price 101,30 INR
Spread / Highest target 67,8%
Spread / Average Target 12,4%
Spread / Lowest Target -21,0%
EPS Revisions
Managers and Directors
NameTitle
Shrikant Madhav Vaidya Chairman
Sandeep Kumar Gupta Chief Financial Officer & Finance Director
S. S. V. Ramakumar Director & Director-Research & Development
Govind Kottieth Satish Director, Director-Planning & Business Development
Ranjan Kumar Mohapatra Director & Director-Human Resources
Sector and Competitors
1st jan.Capitalization (M$)
INDIAN OIL CORPORATION LIMITED11.38%12 714
EXXON MOBIL CORPORATION16.18%202 490
RELIANCE INDUSTRIES LTD-2.41%168 168
BP PLC18.70%83 090
CHINA PETROLEUM & CHEMICAL CORPORATION14.70%75 625
NESTE OYJ2.13%56 091