{"id":492350,"date":"2022-05-19T09:22:38","date_gmt":"2022-05-19T03:52:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=492350"},"modified":"2022-05-19T10:06:24","modified_gmt":"2022-05-19T04:36:24","slug":"mukesh-ambani-and-gautam-adani-reap-windfall-from-surging-oil-coal-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mukesh-ambani-and-gautam-adani-reap-windfall-from-surging-oil-coal-prices\/","title":{"rendered":"Mukesh Ambani and Gautam Adani reap windfall from surging oil, coal prices"},"content":{"rendered":"<p>Gautam Adani and Mukesh Ambani are profiting from a surge in global commodity prices triggered by Russia\u2019s invasion of Ukraine, burnishing their fossil-fuel credentials even as Asia\u2019s richest men publicly push their pivots toward greener energy.<\/p>\n<p>With coal prices skyrocketing to a record, Adani\u2019s conglomerate is expanding a controversial mine in Australia to meet demand. Ambani\u2019s Reliance Industries Ltd. is snapping up distressed crude-oil cargoes at discounts to feed its refining complex, the biggest in the world. Reliance even deferred a scheduled maintenance of the facility to help churn out more diesel and gasoline, whose margins have shot up to touch a three-year high.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gautam Adani and Mukesh Ambani are profiting from a surge in global commodity prices triggered by Russia\u2019s invasion of Ukraine, burnishing their fossil-fuel credentials even as Asia\u2019s richest men publicly push their pivots toward greener energy. With coal prices skyrocketing to a record, Adani\u2019s conglomerate is expanding a controversial mine in Australia to meet demand. Ambani\u2019s Reliance Industries Ltd. is snapping up distressed crude-oil cargoes at discounts to feed its refining complex, the biggest in the world. Reliance even deferred a scheduled maintenance of the facility to help churn out more diesel and gasoline, whose margins have shot up to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-492350","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/492350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=492350"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/492350\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=492350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=492350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=492350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}