Oil & gas
Reliance and BP announce fuel retail joint venture, Jio-BP
17 Dec 2019
As per the agreement, BP will invest Rs7,000 crore for a 49 per cent stake in the joint venture, which will assume ownership of RIL’s existing Indian fuel retail network and access its aviation fuel business to create 5,500 retail sites over five years
Opec output cut threat fails to boost oil prices
06 Dec 2019
While the move is widely seen as aimed at boosting the initial public offer (IPO) of Saudi Arabia’s state-owned oil producer Saudi Aramco, some market participants also believe the market is approaching the top of an important range above which oil needs more stimulus to push ahead
Russia opens natural gas pipeline to China
03 Dec 2019
Hit by Western financial sanctions over its 2014 annexation of Ukraine’s Crimea, Russia, one of the largest exporters of natural gas, is shifting market focus to the East
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