{"id":470884,"date":"2022-02-25T09:35:47","date_gmt":"2022-02-25T04:05:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=470884"},"modified":"2022-02-25T10:06:34","modified_gmt":"2022-02-25T04:36:34","slug":"omcs-under-pressure-as-brent-tops-100-mark-bpcl-igl-hit-52-week-lows","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/omcs-under-pressure-as-brent-tops-100-mark-bpcl-igl-hit-52-week-lows\/","title":{"rendered":"OMCs under pressure as Brent tops $100-mark; BPCL, IGL hit 52-week lows"},"content":{"rendered":"<p>Shares of oil marketing companies (OMC) and city gas distribution players (CGDs) are under pressure, falling up to 6 per cent on the BSE in Thursday\u2019s intra-day trade as oil prices topped the $100 a barrel-mark for the first time since 2014 after Russia ordered military operations in Ukraine and reports emerged of blasts in some major Ukrainian cities.<\/p>\n<p>OMCs &#8211; Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL), India Oil Corporation (IOC) \u2013 and Gujarat Gas, Petronet LNG and Gail (India) from the S&amp;P BSE Oil &amp; Gas index were down in the range of 2 per cent to 5 per cent on the BSE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of oil marketing companies (OMC) and city gas distribution players (CGDs) are under pressure, falling up to 6 per cent on the BSE in Thursday\u2019s intra-day trade as oil prices topped the $100 a barrel-mark for the first time since 2014 after Russia ordered military operations in Ukraine and reports emerged of blasts in some major Ukrainian cities. OMCs &#8211; Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL), India Oil Corporation (IOC) \u2013 and Gujarat Gas, Petronet LNG and Gail (India) from the S&amp;P BSE Oil &amp; Gas index were down in the range of 2 per cent to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-470884","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/470884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=470884"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/470884\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=470884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=470884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=470884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}