Oil & gas
RIL reports record Q3 net profit of Rs11,640 crore
20 Jan 2020
Consumer business segment constituted about 37 per cent of RIL’s EBITDA, which is now set to equal hydrocarbon EBITDA
India, Russia discuss long-term energy cooperation
15 Jan 2020
India imports over 80 per cent of the crude it processes and almost half of its oil imports are from the Gulf region, which is prone to disruptions because of geopolitical reasons and this often threatens its energy security, both in terms of price and supply volatilities
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
