The actions of the oil companies fall in the production of OPEC reduce the rumors
New Delhi, December 6 () Shares of oil and gas companies fell on Friday amid reports that OPEC and other major producers seek to finalize an agreement to reduce production.
Shares of Oil and Natural Gas Corporation fell 1.71 percent to Rs 126.60 per unit in the BSE and 1.86 percent to Rs 126.50 in the NSE.
Hindustan Petroleum Corporation Ltd (HPCL) saw a decrease in its shares from 1.09 percent to Rs 263.05 per unit in the BSE and 0.71 percent in the NSE to Rs 264.
Shares of Indian Oil Corporation Ltd (IOCL) fell 1.39 percent to Rs 124.25 each in the BSE and 1.23 percent in the NSE to Rs 124.40.
Bharat Petroleum Corporation Ltd (BPCL) scrip dropped 0.65 percent to Rs 488.30 in the BSE and 0.59 percent in the NSE to Rs 488.95.
Petronet LNG shares experienced a 1.47 percent drop to Rs 268.10 in the BSE and 1.61 percent in the NSE to Rs 268.05. According to reports, OPEC and Russia, along with other producers, were trying on Friday to conclude an agreement to reduce production in an attempt to support the price of fuel and energy worldwide. RUJ SHW SHW