Shell raises its dividend for second time in six months as profits surge

Royal Dutch Shell’s (RDSa.L) profits leapt to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned but warned that the outlook remained uncertain due to the coronavirus pandemic. Shell’s adjusted earnings were above an average analyst forecast of $3.125 billion and also ahead of earnings […]

Sorry, Saudi Aramco, Reliance Industries just isn’t that into you

Could one of the energy industry’s longest-running on-again, off-again romances be catching fire again? Saudi Arabian Crown Prince Moham­med bin Salman seems to think so. “There are discussions happening right now about a 1 per cent acquisition by one of the leading energy companies in the world” in state-owned Saudi Arabian Oil Co, he said […]

Mukesh Ambani doesn’t have much need for a 1% stake in Saudi Aramco

Could one of the energy industry’s longest-running on-again, off-again romances be catching fire again? Saudi Arabian Crown Prince Mohammed Bin Salman seems to think so. “There are discussions happening right now about a 1% acquisition by one of the leading energy companies in the world” in state-owned Saudi Arabian Oil Co., he said in a […]

India’s oil refiners eye more exports as Covid-19 outbreak hits demand

Oil refiners in virus-battered India may decide to ramp up fuel exports as lockdowns across the country cut into local consumption, while a recovery in global demand lifts profits from potential overseas sales. State-owned Indian Oil Corp. and Bharat Petroleum Corp. are weighing the option of raising oil-product exports against cutting run rates, according to […]

Petrol and diesel prices remain unchanged; revisions expected next month

Fuel prices in the country remained unchanged on Wednesday as oil marketing companies decided to wait for state elections to get over before restarting daily revision of petrol and diesel prices in line with price movement globally. Sources indicated that price revisions may begin early next month after results to state elections are declared. However, […]