India’s state oil refiners – long focused on churning out transport and cooking fuels – are planning a $35 billion push into petrochemicals to meet an expected surge in demand for goods ranging from plastics to paints and adhesives.
Global oil demand could peak as early as 2024 if there are more efficiency gains in vehicles, greater market penetration by electric cars, lower economic growth and higher fuel prices, Goldman Sachs said in a research note on refining on Monday.
Reliance Industries to declare Q1 results today: Key focus on Reliance Jio, petrochemicals businessTelecom-to-oil conglomerate Reliance Industries (RIL) will announce its earnings for the quarter ended June post market hours today.
Reliance Industries Ltd’s shares have gained 52% in the last 52 weeks, giving huge bonanza to the investors in the heavyweight blue-chip company, helped by its investments in telecom, petrochemicals and retail businesses bearing fruit.
The first thing you notice when you tune in to Indian news channels is that they are unanimous in bashing Pakistan. Barring a few exceptions, almost all major news networks lean into this proclivity to depict Pakistan as only good for one thing – terrorism – and therefore part of the ‘axis of evil’.
It takes hundreds of millions of years to produce fossil fuels by natural processes but new scientific research is looking to short-cut that process by using waste carbon dioxide (CO2).
India would reduce automobile pollution drastically by producing Bharat Stage VI-compliant fuel and skipping BS V by 2020
India’s newest petrochemicals maker is seeking to sell half its $4.6 billion facility to Saudi Arabian Oil Co., according to people with knowledge of the matter.
Iran may cut the credit period on crude oil sales to IOC, MRPL to 60 days from 90 and reduce the discounts on shipping of crude to 60% from 80%, people familiar with the matter said.
The government has stepped up its strategic divestment drive, with premier think tank Niti Aayog recommending immediate stake sales in 12 central public sector enterprises (CPSEs).