Energy Sector

Oil price hike clouds corporate profit outlook, putting investors on edge; energy sector will benefit but others to see eroding margins

While the energy sector would benefit from higher oil prices, other sectors ranging from shipping to manufacturing to restaurants would see their profit margins compress as gasoline prices rise

'Howdy, Modi' event in Houston: 'Wonderful interaction' with energy sector CEOs in US, says PM; discusses mutual investment opportunities

PM's meeting with CEOs on Saturday focussed on working together for energy security and expanding mutual investment opportunities between India and the United States

Narendra Modi warns of high crude oil prices hurting global economic growth; seeks review of payment terms

Prime Minister Narendra Modi on Monday warned oil producers like Saudi Arabia that high crude prices are hurting the global economy and sought a review of payment terms to provide a temporary relief to the local currency.

Oil price spike: Narendra Modi pitches for partnership between producers, consumers to reduce energy cost

Narendra Modi highlighted that the consuming countries, due to rising crude oil prices, face many other economic challenges including serious resource crunch. The cooperation of the oil producing countries would be very critical to bridge this gap.

Essar Oil picks Trafigura, BP for $1 bn oil-backed loan as Indian refiner’s new owners seek to diversify firm’s financing base

Kremlin-owned Rosneft has been under U.S. sanctions since Russia’s annexation of Crimea in 2014.

RIL-BP's Rs 40,000-cr investment plan in KG-D6 approved for developing three sets of natural gas discoveries

The finds will add around 20 million standard cubic meters per day (mmscmd) of peak production, according to BP.

Reliance Industries Q3 net rises 25% to Rs 9,423 cr on higher refining margins, Jio posting profit

Consolidated net profit of Reliance Industries in Oct-Dec stood at Rs 9,423 cr while standalone earning was up 5.4 percent at Rs 8,454 cr

Narendra Modi-oil CEOs meet: PM promises more reforms, global majors want natural gas under GST

India, the world's third-biggest oil consumer, is using its market size to strike better deals with oil exporters and attract investment

Britain launches fund to boost development of electric battery technology

Britain launched a 246 million-pound ($320 million) fund on Monday to boost the development and manufacturing of electric batteries, a major growth area for the car and energy sectors.

Gulf diplomatic crisis: Turkey offers to help defuse tension between Qatar and Arab nations

Turkey on Monday called for dialogue and said it was ready to help defuse the row between Qatar and Arab nations including Saudi Arabia and Egypt that accuse Doha of supporting extremism.