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Reliance Industries earnings: Five key takeaways

Apr 18, 2014 at 19:46 | Source: Economic Times

Reliance Industies Ltd announced that fourth-quarter net profit rose 0.8% to Rs 5,631 crore, in line with street expectations. Its giant refinery at Jamnagar was the key driver of profits, while its oil and gas business remained sluggish, although ga...

Earnings Preview: RIL's profit growth may be flat in Q4; but best quarterly show in FY14

Apr 18, 2014 at 17:51 | Source: Economic Times

MUMBAI: Reliance Industries is likely to post flattish net profit for the January-March quarter compared with a year earlier, as an improvement in refining margin will be offset by weaker profitability at its petrochemical business and a drop in non-...

Energy insiders are buying as performance improves

Apr 18, 2014 at 16:32 | Source: Market Watch

Volatile investment markets can be unnerving. After a big run last year, the S&P 500 Index is up less than 2% so far in 2013. Investors are fearful of putting more money on the line, yet they don’t want to lose out on further gains. Meanwhile, one...

High-voltage action likely in energy sector if Narendra Modi becomes next PM

Apr 18, 2014 at 13:01 | Source: Economic Times

VADODARA: The energy sector can brace for high-voltage action if Narendra Modi becomes prime minister. The energetic BJP leader has ruled the state that has India's biggest refineries, highest gas consumption, two LNG terminals and volatile relation...

Oil futures settle at a more than six-week high

Apr 18, 2014 at 12:32 | Source: Market Watch

SAN FRANCISCO (MarketWatch) — Oil futures on Thursday settled at their highest level in more than six weeks, buoyed by uncertainty in Ukraine as the latest U.S. economic data generally supported a brighter outlook for energy demand. Natural-gas pr...

High-voltage action likely in energy sector if Narendra Modi becomes next PM; many in companies like ONGC, CIL nervous

Apr 18, 2014 at 10:06 | Source: Economic Times

VADODARA: The energy sector can brace for high-voltage action if Narendra Modi becomes prime minister. The energetic BJP leader has ruled the state that has India's biggest refineries, highest gas consumption, two LNG terminals and volatile relation...

Iran cuts sensitive nuclear stockpile, key plant delayed - IAEA

Apr 18, 2014 at 03:45 | Source: FirstPost

VIENNA (Reuters) - Iran has acted to cut its most sensitive nuclear stockpile by nearly 75 percent in implementing a landmark pact with world powers, but a planned facility it will need to fulfil the six-month deal has been delayed, a U.N. report sh...

Oil hovers near 6-week highs

Apr 17, 2014 at 19:17 | Source: Market Watch

NEW YORK (MarketWatch) — Oil futures flitted between small gains and losses Thursday, effectively hovering near six-week highs as traders balance continued tensions in Ukraine versus a backdrop of growing crude supplies. Nymex WTI crude for May de...

World stocks subdued, Nikkei flat on profit taking

Apr 17, 2014 at 15:56 | Source: Economic Times

HONG KONG: World stocks were subdued Thursday ahead of a long weekend for many markets, with Japan's Nikkei faltering as investors locked in profits after a strong rally. Profit taking set in following a sharp rise in Tokyo the day before and as comm...

Waiting for a response from Election Commission on diesel price hike issue: PK Goyal, IOC

Apr 17, 2014 at 14:01 | Source: Economic Times

In an interview with ET Now, PK Goyal, Director-Finance, IOC, shares his business outlook. Excerpts: ET Now: Can you tell us how much has the gross under-recovery for the oil sector been this quarter and how much did IOC see face, in particular? PK ...

U.S. crude supply jumps, but prices gain a penny

Apr 17, 2014 at 12:37 | Source: Market Watch

SAN FRANCISCO (MarketWatch) — A U.S. government report on Wednesday showed a weekly jump in crude inventories that was over four times more than the market expected, but oil futures still finished a penny higher as concerns over clashes between pr...

Crude-Oil Futures Mixed in Asia Ahead of Ukraine Talks

Apr 17, 2014 at 11:59 | Source: Wall Street Journal

Crude-oil futures were mixed in the Asian session Thursday, with traders cautious ahead of a long Easter holiday weekend and a meeting later in the day between the West and Russia over rising tensions in Ukraine. On the New York Mercantile Exchange&a...

Firstpost moves to moderated comments with immediate effect

Apr 17, 2014 at 09:20 | Source: FirstPost

Dear readers,Firstpost has decided, with immediate effect, to move to a pre moderated system of commenting, which means your comment will not get published on the site unless we approve it.The decision to do so was not an easy one to make given that ...

WTI Crude Rises on Escalating Ukraine Crisis; Brent Holds Steady

Apr 17, 2014 at 08:00 | Source: Bloomberg

West Texas Intermediate rose for a second day as concern over the escalating crisis in Ukraine outweighed data showing the biggest expansion in U.S. crude stockpiles in more than a decade. Brent was steady in London. Futures advanced as much as 0.4&a...

WTI Crude Rises on Escalating Ukraine Crisis; Brent Holds Steady

Apr 17, 2014 at 08:00 | Source: Business Week

West Texas Intermediate rose for a second day as concern over the escalating crisis in Ukraine outweighed data showing the biggest expansion in U.S. crude stockpiles in more than a decade. Brent was steady in London. Futures advanced as much as 0.4&a...

Oil Futures End Near Flat After Larger-Than-Expected Supply Build

Apr 17, 2014 at 03:54 | Source: Wall Street Journal

NEW YORK--A bulge in U.S. oil stockpiles last week pushed the amount of crude in storage closer to record levels, but prices were held in check amid worry that the crisis in Ukraine could crimp Russian exports. Oil inventories in the U.S. are ...

Brent Oil Climbs to Six-Week High on Ukraine Crisis

Apr 17, 2014 at 03:54 | Source: Bloomberg

Brent crude climbed to a six-week high on the escalating Ukraine crisis. West Texas Intermediate traded near $104 a barrel after a government report showed that U.S. inventories surged last week. Futures rose 0.2 percent in London. Ukraine accused ...

Oil prices climb ahead of EIA report

Apr 16, 2014 at 20:37 | Source: Market Watch

NEW YORK (MarketWatch) — Oil prices rose Wednesday ahead of government supply data, boosted by an industry report indicating a drop in crude inventories at a key U.S. storage hub as well as ongoing Ukraine tensions. Crude for May delivery (NMN:CLK...

Ukraine Tension Part of Bullish Crude Mix

Apr 16, 2014 at 16:07 | Source: Wall Street Journal

Crude futures were higher Wednesday, pushed up by the geopolitical risk associated with further military developments in Ukraine. Brent for June delivery was up 67 cents at $110.04 a barrel on ICE Futures Europe, on the first day of that month&#3...

Oil Rises to 6-Week High as Ukraine Adds to Tight Market

Apr 16, 2014 at 16:04 | Source: Bloomberg

West Texas Intermediate crude advanced to a six-week high amid concern that the crisis in Ukraine is escalating. Brent's gains were limited by signs of slowing economic growth in China. Futures gained as much as 1 percent in New York. Ukraine...

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