Oil companies’ shares fall on OPEC output cut buzz

Times of India | Dec 6, 2019 at 12:20 PM
  • New Delhi, Dec 6 () Shares of oil and gas companies fell on Friday amid reports that OPEC and other major producers are looking to finalise a deal to cut production.
  • Oil and Natural Gas Corporation’s shares fell 1.71 per cent to Rs 126.60 per unit on the BSE and 1.86 per cent to Rs 126.50 on the NSE.
  • Hindustan Petroleum Corporation Ltd (HPCL) saw its stock decline by 1.09 per cent to Rs 263.05 a unit on the BSE and 0.71 per cent on the NSE to Rs 264.