{"id":492385,"date":"2022-05-19T10:34:31","date_gmt":"2022-05-19T05:04:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=492385"},"modified":"2022-05-19T10:34:31","modified_gmt":"2022-05-19T05:04:31","slug":"mukesh-ambani-and-gautam-adani-asias-two-richest-men-reap-windfall-from-surging-oil-coal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mukesh-ambani-and-gautam-adani-asias-two-richest-men-reap-windfall-from-surging-oil-coal\/","title":{"rendered":"Mukesh Ambani and Gautam Adani, Asia\u2019s two richest men, reap windfall from surging oil, coal"},"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 NSE -1.51 %. is snapping up distressed crude-oil cargoes at discounts to feed its refining complex, the biggest in the world. Reliance NSE -1.51 % 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 NSE -1.51 %. is snapping up distressed crude-oil cargoes at discounts to feed its refining complex, the biggest in the world. Reliance NSE -1.51 % even deferred a scheduled maintenance of the facility to help churn out more diesel and gasoline, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-492385","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/492385","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=492385"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/492385\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=492385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=492385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=492385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}