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

So far this year, RIL shares have surged 46 per cent, while Exxon's have dipped 39 per cent

Shell, the world's largest fuel retailer, said it expected a 40% drop in sales in the second quarter from a year earlier to about 4 million barrels per day (bpd), although that is more than its earlier prediction of a drop to 3.5 million bpd

BP is giving no pay rises to senior employees until March 2021 and said it is unlikely to pay any cash bonuses this year

The investor confidence shot up in RIL because of the back-to-back strategic investments in its telecom subsidiary in the last three weeks

\"2020 was also set to be the record high year for LNG developments. The price crash and dip in global LNG demand delays FID of 7 LNG plants globally,\" Rystad analysts said in their report

The bill also attempts to upgrade India's investment climate and boost foreign investment by setting up new adjudicating authorities to swiftly resolve disputes

The bill also attempts to upgrade India's investment climate and boost foreign investment by setting up new adjudicating authorities to swiftly resolve disputes

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

Will have to wait two quarters to see if momentum of green shoots sustains, says RBI Governor Shaktikanta DasReserve Bank of India (RBI) Governor Shaktikanta Das has said that the Indian economy is manifesting signs of economic recovery. He said that the green shoots of growth in the economy can be ascertained by the steady growth in project costs sanctioned by banks and financial institutions as well as increased investment in fixed assets by India Inc. However, the RBI chief sai...

The tie-up will see RIL's 1,400 existing pump stations being ramped up to 5,500 over five years; it also will increase the lucrative aviation fuel stations from 30 to 45

Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum --currently own most of the 66,408 petrol pumps in the country

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

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

The Reliance Industries shares have been on gaining spree and touched a fresh 52-week high of Rs 1,484 on the bourses on Wednesday, amid the conglomerate's plan to create a holding company for its digital platform initiatives

At present, to obtain a fuel retailing licence in India, a company needs to invest Rs 2,000 crore in either hydrocarbon exploration and production, refining, pipelines or liquefied natural gas terminals

Saudi oil giant Aramco is reportedly mulling investment in BPCL, including possible partnership with Reliance India Ltd

Going by the current market capitalisation of BPCL, the buyer will have to shell out at least Rs 60,000 crore to buy the government's 53 per cent stake and about Rs 30,000 crore for another 25 per cent from the public in the mandatory open offer

Keen to get multi-nationals in domestic fuel retailing to boost competition, the government is mulling selling most of its 53.3 percent stake in BPCL to a strategic partner