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Oil giant Saudi Aramco points to lower crude prices as profits plunge 38% in the 2nd quarter
The state-run energy major reported about $30 billion in net profits last quarter, down sharply fro…
Phil Rosen
RIL has a sobering quarter— if not for Jio and stake sale to BP it would have been much worse
India's most-valued company Reliance Industries (RIL), owned by the country's richest man Mukesh Am…
Real-estate investing in a down market: Strategies to use, how far home prices will fall, cities where prices are falling the most, which markets to invest in, and more
Home prices are declining after their pandemic-era melt-up. That's bad news for current real-estate…
William Edwards
Energy company Wastefuel expects to be as big as BP in 10 years. Here's how it plans to get there.
The energy company Wastefuel has raised $13 million to do early research on three low-carbon fuels …
Karen K. Ho
RIL and BP cite COVID-19 lockdown for pushing back production from KG-D6— the real reason may the price
"First Gas from R-Cluster field expected by June 2020 subject to lifting of lockdown," it s…
PTI
Oil demand may never rebound to pre-pandemic highs as world shifts to renewables, BP says
The industry giant presented three scenarios for oil consumption moving forward, which range from a…
Ben Winck
It's been 20 years of Mukesh Ambani's leadership, and here's how RIL grew
Mukesh Ambani took over as the Chairman and Managing Director of Reliance Industries Limited (RIL) …
Oil prices continue to tank as storage fears persist, and commodity giant BP warns of a shock 'on a scale never seen before'
"Our industry has been hit by supply and demand shocks on a scale never seen before," Bernard Loone…
Saloni Sardana
BP sells its petrochemicals business to rival INEOS for $5 billion — meets its divestments target ahead of schedule
The company said this move will further strengthen BP’s balance sheet and will deliver its targe…
Joe Biden orders oil companies to explain why they're cutting gasoline production as prices soar above $5 a gallon
Joe Biden complained in his letter to companies including Exxon Mobil and Shell they are cutting ba…
Zahra Tayeb
Expect as much as 2 million barrels a day of Russian crude to vanish from the market in May as sanctions kick in, BP boss says
Existing sanctions will probably eliminate another 1 million barrels a day, BP's CEO has said, as t…
Karen Friar
Exxon Mobil CEO sees oil climbing further: 'They always say that the cure to high prices is high prices'
The energy giant plans to spend $20 billion to $25 billion a year through 2027 on oil and gas proje…
Brian Evans
S&P warns Exxon, Chevron and other oil firms it may cut their credit ratings thanks to the push to zero-carbon
Major oil companies such as Exxon and Chevron face having their credit ratings downgraded thanks to…
Harry Robertson
Petrol, diesel prices hiked again in metro cities for the second day in a row
Petrol and diesel prices have increased by 80 paise per litre for the second consecutive day. The p…
A bill that would set gas price limits and prevent 'exploitative' cost hikes is headed for a House vote
The legislation would enable President Joe Biden to make it illegal to increase gas and home energy…
Grace Kay
Petrol and diesel prices hiked after more than four months, LPG price goes up by ₹50 in Delhi and Mumbai
Petrol and diesel prices have been hiked by 80 paise per litre each in metro cities after a pause o…
BPCL shares plunge 5% as major energy companies including RIL, Saudi Aramco and BP skip the race for stake sale
Shares of BPCL on the BSE plunged 4.9 per cent to touch an intra-day low of Rs 392.35 per shar…
TCS to report solid revenue growth, margin expansion in Q2 aided by strong deal execution, rupee depreciation
The earnings season for the July-September quarter will kick off with IT major Tata Consultancy Ser…
2 wild charts show how Big Oil profits are skyrocketing as prices at the pump rise
Oil companies are raking in the largest quarterly profits in a decade, raising concerns that the se…
Ben Winck,Madison Hoff
Tesla will face challenges with a new battery technology, experts say
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