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1 min read

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   


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3 mins read

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…

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5 mins read

William Edwards   


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3 mins read

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   


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4 mins read

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   


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3 mins read

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   


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4 mins read

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) …

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4 mins read

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   


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2 mins read

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…

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2 mins read

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   


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3 mins read

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   


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1 min read

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   


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2 mins read

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   


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3 mins read

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…

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2 mins read

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   


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3 mins read

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…

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1 min read

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…

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2 mins read

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…

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4 mins read

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   


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5 mins read

Tesla will face challenges with a new battery technology, experts say

Welcome to Insider Energy, Business Insider's weekly energy newsletter. Sign up to get it in your i…

Benji Jones