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Billionaire 'Bond King' Bill Gross explains why oil and gas pipelines are his top investment even as AI fervor swirls

"It's been wonderful — it's been almost as good as AI," Bill Gross said about the returns he's gott…

Filip De Mott   


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6 mins read

Earning forecasts for Q4 FY24: Healthcare and cement companies to shine

In the fourth quarter of FY24, Indian companies that bank on domestic demand would have done much b…

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2 mins read

ONGC declares highest ever standalone profit in FY24

The consolidated net profit of the company is also highest at Rs 57,101 crore in FY24. The crude oi…

ANI   


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1 min read

India slashes windfall tax on crude petroleum

The central government has reduced windfall tax on crude petroleum, according to a government notif…

ANI   


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2 mins read

Russia saw its oil revenue double in April despite Western sanctions

Strong global demand and supply fears driven by geopolitical risks have helped bolster Russia's ene…

Yuheng Zhan   


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2 mins read

Russia's military is so hard up for manpower that it now pays more than the oil and gas sector

Russia is a major energy producer, and the industry's robust revenues have kept Moscow's war chest …

Huileng Tan   


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1 min read

The oil and gas industry is undergoing its biggest-ever consolidation

Upstream merger and acquisition activity hit $144 billion in the fourth quarter alone and $190 bill…

Filip De Mott   


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Oil and natural gas prices could spike 40% this year if war spreads across the Middle East, economist says

If tensions in the Middle East spiral out of control it would slow global growth and limit trade vo…

Filip De Mott   


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2 mins read

Russia's April oil and gas revenue could double despite Ukraine hammering its oilfields with drones, report says

Reuters projected Russian oil and gas revenue for April to come in at 1.292 trillion rubles, up fro…

Cameron Manley   


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1 min read

Spiking oil prices helped Russia energy-tax revenue double last month

The amount of tax that Russia collected on oil and gas rose by 90% on a year-over-year basis in Mar…

Filip De Mott   


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1 min read

Oil prices could spike 11% as Middle East turmoil sparks a decades-long inflation spiral, market veteran says

Iran's attacks against Israel over the weekend could send Brent crude towards $100 a barrel, Ed Yar…

Filip De Mott   


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1 min read

Indian refineries are completely refusing oil from a key Russian shipping giant

Indian refineries are rejecting oil cargo carried by Sovcomflot, a Russian tanker firm that's been …

Filip De Mott   


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1 min read

Putin backs OPEC production cuts but warns of losing oil-market share to the US

Putin backed the production cuts, but said the output is dropping "while it grows in other countrie…

Yuheng Zhan   


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3 mins read

A wave of M&A means the US oil-production boom may be over

Public and private firms have very different financial priorities. For the US oil industry this yea…

Aruni Soni   


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2 mins read

India imported 420,000 fewer barrels of Russian oil a day in February amid tightening sanctions

Weaker crude exports caused Russia's monthly energy revenue to slide by nearly 1% from January, the…

Filip De Mott   


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3 mins read

Sensex scales 76,000 peak, Nifty hits new high before closing lower; IndusInd, L&T, SBI biggest gainers

Sensex scaled the 76,000 level for the first time while Nifty hit a new lifetime peak before closin…

PTI   


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1 min read

Billionaire 'Bond King' Bill Gross says a Trump win would be 'disruptive' for markets

A Trump presidency would worsen US fiscal deficits, the billionaire investor and PIMCO co-founder s…

Shubhangi Goel   


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1 min read

AI, Oil & Gas sectors show over 20% growth in hiring in Feb: Report

Hiring for roles in artificial intelligence (AI) and Oil & Gas sectors has witnessed a growth of ov…

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3 mins read

India's oil import bill could swell to $101-104 billion in FY25: ICRA

As per ICRA's calculations, a $10/barrel uptick in the average crude oil price for this fis…

PTI   


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Half of Russia's sanctioned oil tankers are now standing idle

Of the 50 tankers sanctioned by the US since October, 21 are now idle, no longer trading Russian cr…

Filip De Mott