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Oil shock will hit Asia harder than the 1970sAsia is experiencing energy shocks similar to the 1970s oil crises, with rising fossil fuel costs impacting consumers and industries. This ...- Military-grade jet fuel cargoes from US show scale of Iran war impactUnusual US fuel shipments to Asia reveal global oil supply chain disruptions. Military-grade jet fuel and diesel are sailing from Washingto...
- Torrent Power inks lNG supply pact with BP SingaporeThe LNG procured under this agreement will be strategically utilised by TPL, including to operate its 2,730 MW combined cycle gas-based pow...
- Torrent Power to buy LNG from BP SingaporeTorrent Power has inked a deal with BP Singapore. It will buy LNG for ten years. The supply starts in 2027. The Ahmedabad based company wil...
- BP appoints Kartikeya Dube as India unit chiefDube's appointment will be effective from July 1. He will take over from Sashi Mukundan who will retire from BP after serving the company f...
- BP, Petronas in race to invest up to $2 billion in Greenko founders’ new platformThe new platform is planning to produce 4-5 MTPA of green ammonia, green methanol and electrolysers at Kakinada in Andhra Pradesh, incurrin...
- Euro hits 20-year low on Russian gas haltThe euro slid to $0.9880 in Asia trade, the lowest level since 2002, while sterling hit a new 2-1/2-year low at $1.14445, and remained clos...
- Nomura forecasts 50 bp Fed hike in MarchFed Chair Jerome Powell did not rule out such a move when asked about it after Wednesday's Fed meeting.
- Asia's oil giants are planning for a future with less crude, more hydrogenIndian Oil Corporation - the company that sells almost half the oil products in India - will deploy 50 buses around the capital powered by ...
- Nayara Energy raises $750 million via offshore loanThe erstwhile Essar Oil was sold in August 2017 to Rosneft and Trafigura.
- DBS expects RBI to cut 25 bps at June 6 meetAny resultant impact on the Indian rupee and markets will leave the RBI on a cautious footing.
- DBS focus: RBI views on liquidity; sees 25bp hikeThe bank sees a 25 bp hike accompanied by a neutral stance triggering a small uptick in the 10-year yields.
- Arbitration award in Reliance-ONGC gas row next monthReliance is the operator of the KG-D6 block with 60 per cent interest while BP holds 30 per cent. The remaining 10 per cent is with Niko Re...
- Beware! Waves of contagion on the way for equities, currencies in AsiaA globally coordinated central bank response to a market meltdown is likely, such as liquidity support through forex swap arrangements and ...
- Credits hold up, but investors look overseasThe Asia ex-Japan iTraxx investment grade index tightened 1bp to 144bp/145bp and the Japanese index came in 5bp to 80bp/82bp.
- Reliance Global to buy BP's Malaysian petrochemical plant for $230 millionReliance Global Holdings will acquire BP Plc's Malaysian petrochemical plant for $230 million, the British energy firm said.
- FDI dips about 25% in first 11 months of 2010-11The government is hopeful that some of the big ticket deals like that of BP-Reliance would reverse the trend.
- Moody's ups RIL's credit outlook to positiveRating agency Moody's today raised Reliance Industries' credit outlook from stable to positive on anticipation of better financials post RI...
- Deora to support ONGC's bid for BP's Vietnam gas projectOil Minister Murli Deora will make a pitch for ONGC buying BP Plc's Vietnam gas fields when the British energy firm's chairman, Carl-Henric...
- Vietnam assures India of support in buying BP assetsVietnam has assured its support to India’s state-owned oil companies in acquiring $1.3-billion Vietnamese energy assets of the UK oil major...
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