Essar Oil scrip has surged over 30% in the past five trading sessions, outperforming the S&P BSE Sensex which has rallied by about 3%. News reports surrounding possible stake sale by promoters to Russian oil and gas major, Rosneft is a key reason behind this rally. The company’s plan to scale up their retail fuel […]
Day: June 19, 2015
Mumbai rains delay flight operations by 30 minutes; Jet Airways, Indigo and Go Air flights diverted
Flight operations at the city airport were delayed by 30 minutes and three services had to be diverted due to incessant rain that has been lashing since late last evening. “The airport is operational but the flights are delayed by 30 minutes,” a spokesperson for the Chhatrapati Shivaji International Airport (CSIA) said. One flight each […]
‘RIL to outperform peers with refining margin of $9.5 in Q1’
Reliance Industries’ refinery at Jamnagar in Gujarat is likely to outperform peers to earn stronger margins of USD 9.5 in the current quarter, UBS Global Research has said. In a research note, UBS said Singapore complex refining margins (GRMs) are holding firm at USD 8 per barrel in April-June quarter compared with USD 5.8 gross […]
Russia’s Rosneft agrees to sell 20 pct stake in Taas-Yuriakh to BP
Russia’s Rosneft has clinched a number of deals with its shareholder BP, agreeing to sell a stake in an east Siberian oil field and to change the structure of their refining joint venture. Rosneft CEO Igor Sechin, an ally of President Vladimir Putin, told reporters that the 20 per cent stake in the Taas-Yuriakh field […]