{"id":508519,"date":"2022-07-25T11:17:37","date_gmt":"2022-07-25T05:47:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=508519"},"modified":"2022-07-25T11:17:37","modified_gmt":"2022-07-25T05:47:37","slug":"reliance-industries-sees-global-recession-headwinds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-sees-global-recession-headwinds\/","title":{"rendered":"Reliance Industries sees global recession headwinds"},"content":{"rendered":"<p>Given the increased chances of an economic recession in the West undercutting world fuel demand and prices, Reliance Industries (RIL) has lowered its outlook on refining margins for the next three-four quarters. The company posted a net profit of Rs 17,955 crore in Q1, up 46% on year, primarily on higher refining margins, allowed by tight global oil markets.<\/p>\n<p>\u201cRecession fears (are) overtaking oil market fundamentals, resulting in lower prices and margins,\u201d joint CFO V Srikanth said in an earnings call late Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Given the increased chances of an economic recession in the West undercutting world fuel demand and prices, Reliance Industries (RIL) has lowered its outlook on refining margins for the next three-four quarters. The company posted a net profit of Rs 17,955 crore in Q1, up 46% on year, primarily on higher refining margins, allowed by tight global oil markets. \u201cRecession fears (are) overtaking oil market fundamentals, resulting in lower prices and margins,\u201d joint CFO V Srikanth said in an earnings call late Friday.<\/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":[130,195,138],"tags":[],"class_list":["post-508519","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/508519","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=508519"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/508519\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=508519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=508519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=508519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}