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Reliance share price gains as Donald Trump announces $300 billion US oil refinery project backed by RIL
Reliance share price has fallen over 10% on a year-to-date (YTD) basis, while the stock has gained over 1% in six months. Reliance shares rallied 12% in one year and have gained 31% in three years.
RIL shares rise 2% as Trump announces $300 billion US refinery project with Ambani backing
Reliance Industries shares gained 2% after U.S. President Donald Trump announced the company would partner in developing a $300 billion oil refinery in Brownsville, Texas. Trump described the project as the "biggest in U.S. history," aiming to boost American energy production and create thousands of jobs. Reliance Industries has not yet confirmed the statement.
Reliance to invest in first new US oil refinery in 50 years, says Trump; calls $300 billion Texas project ‘historic deal’
Reliance Industries will partner with America First Refining to build the first new U.S. oil refinery in 50 years. The $300 billion project, planned for Brownsville, Texas, is hailed as the largest in U.S. history and a significant boost for American energy production.
India ensures household gas supply amid global energy crisis
India is diverting imported and domestic gas to priority sectors like households and CNG vehicles due to supply crunches caused by the Iran war. Petrochemical units and power plants may face complete allocation cuts, while fertilizer and refinery supplies are also reduced. GAIL will manage the diversion, with a common price set by the oil ministry.
Bahrain's state oil company declares force majeure on its shipments after Iran attacked nation's only oil refinery
Iranian drone strikes on March 9 targeted Bahrain's Sitra, damaging vehicles and buildings. Bahrain's state oil company declared force majeure on shipments.
Global oil markets on edge as West Asia unrest triggers new energy shockwave
Crude oil prices have surged to near one-year highs as escalating conflict in West Asia threatens key supply routes, particularly the Strait of Hormuz. Rising geopolitical risks, refinery disruptions and tanker delays are pushing prices higher, raising inflation concerns and creating economic vulnerabilities for major Asian importers, including India, China, Japan and South Korea.
Mangalore Refinery and Petrochemicals declares force majeure on gasoline export cargoes for March, April
India's Mangalore Refinery and Petrochemicals has declared force majeure on all gasoline export cargoes for March and April due to the ongoing Middle East conflict disrupting crude oil flows. The state-run refiner, which exports 40% of its refined fuel, cited circumstances beyond its control for the contractual inability to fulfill orders.
Top Gainers & Losers on March 02: IndiGo, RVNL, Syrma SGS, LT Foods, Swiggy, OLA among top losers today
On March 2, the Indian stock market fell over 1% amid rising Middle East tensions after US and Israeli attacks on Iran. Iran retaliated, raising fears of war and causing crude oil prices to spike, with Saudi Aramco halting operations at a refinery following a drone strike.
Stocks to Watch Today: Coal India, Saatvik Green Energy, JK Tyre, Siemens, ONGC, Ram Ratna Wires, Landmark Cars, Gandhar Oil, P&G Health in focus on 27 May
Stocks to watch on 27 May: Stocks like Oil and Natural Gas Corporation, Siemens, JK Tyre and Industries, Procter and Gamble Health, Landmark Cars, Gandhar Oil Refinery India, Ram Ratna Wires, Vodafone Idea, and Bharti Airtel.
Buzzing Stocks: Coal India falls 3% on Govt stake sale plan; Landmark Cars, Gandhar Oil rally on strong Q4 earnings
Shares of Landmark Cars advanced 3 percent after the company reported more than a 10-fold jump in quarterly profit to Rs 15.03 crore compared to Rs 1.42 crore in the year-ago period, while revenue rose 17.2 percent YoY to Rs 1,278.5 crore from Rs 1,091.2 crore.