Bharat Petroleum and IOC launch LNG buy tenders - trade sources
MILAN India's Bharat Petroleum has launched a tender seeking three liquefied natural gas (LNG) cargoes in total for delivery in October, November and December, trade sources said.
Reuters Market Eye - Shares in state-run producer Oil & Natural Gas Corp(ONGC.NS) fall as much as 2.5 percent a day after posting a bigger-than-expected fall in July-September net profit due to higher subsidies.
Lower production is another concern, analysts say: HSBC estimates ONGC posted a fourth sequential quarterly decline in crude oil production.
HSBC maintains its 'neutral' rating on the stock with a target price at 300 rupees.
ONGC shares down 2.3 percent at 259.15 rupees as of 11:43 a.m..
Wall Street rallied on Friday, lifted by a surge in Deutsche Bank shares and financial stocks after concerns eased about the health of the German bank.
DUBLIN The limits of central bank largesse are set to be a hot topic in the coming week as global policymakers head to Washington for the annual International Monetary Find meetings and key data may harden the case for a tightening of U.S. monetary policy.