The government plans to conclude the bidding process in four major PSUs -- BPCL, Shipping Corporation (SCI), Container Corporation (Concor) and BEML -- by November last as the stock market is heading to break above pre-Covid levels

The lower economic activities post the COVID-19 outbreak changed the financial position of global oil giants as most of them posted losses in the last quarter

Employees allege that the government plans to give the right to review terms of 10-year service contracts to the company management after June 2020. They also fear that they will be denied retirement benefits if the company turns private

The reason why Exxon's stock has plunged is for more than the simple fact that oil has fallen out of favour by investors

Amazon Inc share surged 2.85 per cent or $95.36 to $3,441.85 on Wednesday compared to the previous close of $3,346.49 on NASDAQ, pushing his total worth to $204 billion

The lowering of valuations reflect the slump in second-quarter demand due to the COVID-19 pandemic, and a growing realisation that a prolonged economic downturn could depress energy prices for years

BPCL share price has gained 90.79 per cent as compared to its 52-week low of Rs 252 touched on March 24, 2020

Amazon Inc share surged 7.93 per cent or $234.87 to $3,196.84 on Monday compared to the previous close of $2,961.97 on NASDAQ; with this jump, Bezos' total wealth has now surged to $189.3 billion, a $74 billion rise in this year alone

Organization of the Petroleum Exporting Countries, along with Russia and other producing countries - known as OPEC+ - agreed over Easter to cut output by 9.7 million barrels per day (bpd) in May and June, equal to about 10% of global supply before the viral outbreak

Saudi Arabia, with by far the world's biggest reserve of extra capacity and some of the lowest production costs, said it had raised crude output to 12.3 million bpd on April 1 and planned to export more than 10 million bpd.

The company expects capital spending for 2020 to be between $25 billion and $30 billion in light of current market conditions and recent commodity price volatility, compared to $32.8 billion in 2019

Petronet LNG is looking to buy super chilled liquefied natural gas for 10 years from 2025, to feed India's growing demand

The crisis in the Middle East is likely to delay BPCL sale as no petroleum giant would be ready to loosen their purse strings in a volatile situation

As trading began state-owned Saudi Aramco's shares spiked. They rose to 35.2 Saudi riyals ($9.38) from 32 riyals, up 10 per cent. Aramco's public debut is the largest on record. Crown Prince Mohammed Bin Salman has been working towards transforming the Saudi economy and the IPO was a part of his Vision 2030. He first shared the idea in 2016. The company has hit a market value of $1.88 trillion. Aramco has overtaken Microsoft Corp. and Apple Inc. as the most valuable listed company. Watch the video about the oil giant's journey.

Aramco stock will become part of Tadawul index by next week and global benchmarks such as MSCI and FTSE later this month

The Cabinet approved a strategic divestment of the government's 53.29 per cent stake in BPCL, along with transfer of certain management control. This is excluding BPCL's equity share holding of 61 per cent stake in Numaligarh Refinery

The surge in shares pushed Mukesh Ambani's net worth to $56 billion, making him the richest person in Asia, ahead of Alibaba Group's Jack Ma, as per the Bloomberg Billionaires Index

Cheering the government stake sale plan, BPCL share price gained as much as 4.38 per cent to touch an intraday high of Rs 528 apiece, after opening higher at Rs 520 against previous closing price of Rs 505.90

Armaco said it plans to sell 1.5% or about 3 billion shares, at an indicative price range of 30 riyals ($8.00) to 32 riyals, valuing the initial public offer (IPO), at 96 billion riyals ($25.60 billion) at the top end of the range.

The prospectus said the government will have a \"statutory lockup period\" for disposing of any shares after the listing for six months, and a contractual lockup period for 12 months