Saudi Aramco jumped the most since April 2023 on Sunday as the Iran war entered its second week, prompting supply disruptions that may send oil prices higher when global markets reopen. Shares of the state-backed oil giant climbed as much as 4.9% in Riyadh before paring gains to close up 4.1%, on the first day … Read more
Reliance Industries Limited (RIL) stock tumbled 5% on Tuesday, falling to an intraday low of Rs 1,497.05 on the Bombay Stock Exchange. The share price plunged after RIL denied a Bloomberg report claiming that its Jamnagar refinery will be receiving three ships of Russian crude oil.On the BSE, the stock closed at 1507.70, shedding 69.75 … Read more
RIL denied a Reuters news report that said the government had sought compensation of $30 billion from the company for producing gas at below estimated reserves from its KG-D6 block. “There is no claim of $ 30 billion against Reliance and BP,” RIL, the operator of the KG-D6 field, said in a statement on Monday. … Read more
Union Minister of Commerce and Industry Piyush Goyal delivers the keynote address at an event titled ‘Energy Security in a Shifting Global Landscape: Building Resilient Energy Markets Across Borders’, in New York, USA, on September 23, 2025. | Photo Credit: PTI India expects to increase its energy trade with the U.S. in the coming … Read more
The recent hike in GST on capital goods used in the oil, gas, and coal bed methane (CBM) sectors has increased operational costs and undermines efforts to reduce import dependence, an industry association said in a letter to Oil Minister Hardeep Singh Puri. The Federation of Indian Chambers of Commerce and Industry (FICCI) in the … Read more
India is set to increase its imports of Russian oil in September, dealers told Reuters, as President Donald Trump-led US government on Wednesday doubled tariffs on Indian exports to 50%, citing New Delhi’s continued reliance on Moscow’s crude.Despite the pressure, Indian refiners are expected to raise purchases by 10-20% from August levels, or about 150,000–300,000 … Read more
Stringent classification of Russia-origin fuels could create difficulties for Indian exporters. (AI image) Russia oil sanctions impact: Indian exporters will likely face challenges from the European Unin’s decision to sanction oil supply with Russia as its source of origin. The European Union’s ban on Russian crude-derived fuels, set to take effect from January 21 next … Read more
Mukesh Ambani, Asia’s richest man, is racing to buy American ethane gas as a shield against President Trump’s trade war. His company Reliance Industries imports 1.6 million tonnes yearly from US shale fields, shipped in giant tankers to Gujarat factories. This cheap gas replaces costlier oil-based naphtha for making plastics, saving $450 million annually. With … Read more
Gujarat Gas has announced a significant scheme of arrangement. It involves reverse merger of Gujarat State Petroleum Corporation (GSPC, unlisted), GSPC Energy (GEL, unlisted), and Gujarat State Petronet (GSPL, listed) into Gujarat Gas (GGL, listed). Additionally, GGL’s gas transmission business will be carved out and listed separately as GSPL Transmission Limited (GTL) on the stock … Read more