Reliance Industries quarterly consolidated revenue at Rs 2.58 lakh crore for Q2
Reliance Industries Limited (RIL) reported quarterly consolidated revenue at Rs 2.58 lakh crore for Q2 FY25.
Reliance Industries Limited (RIL) reported quarterly consolidated revenue at Rs 2.58 lakh crore for Q2 FY25.
Upstream oil exploration and production companies ONGC and Oil India Ltd will benefit from the announcement as they have to pay the windfall tax on their crude oil output.
Oil marketing companies reduced the prices of 19 kg commercial cylinders and 5 kg FTL (Free Trade LPG) cylinders, said sources.
Hiring for roles in artificial intelligence (AI) and Oil & Gas sectors has witnessed a growth of over 20 per cent in the month of February 2024, a new report showed on Monday.
It has boosted the oil and gas sector futures in the commodities markets strongly, experts opined.
Holi, the festival of vibrant fun, has a fixed tradition of playing with colors. This festival is much more than people playing with colors.
The geo-political worries in the Black Sea region has a significant bearing on sunflower seed and its oil supply from the region, as both countries involved in the war are major sources for the oilseed.
According to a rough estimate, the high crude oil price and less production of domestic crude oil price is going to increase crude oil import bill by around 20 %, and it would increase further in the fiscal year 2021-22 if the Russia-Ukraine tension continues.
For example, an energy crisis in winter could be a disaster for Germany, and fear of it may weaken German willingness to act against Russia. A recent example of potential German softness toward Russia can be seen in German Chancellor Olaf Scholz’s failure to endorse stopping the Nord Stream 2 pipeline as a potential sanction for an invasion.
Presently, more than 85 % of its oil needs and half of its gas requirements are met through import. Government has already managed to double its acreage through seven rounds of auction of oil acreage under the New Open Acreage Licensing Policy (OALP), the Minister said.
