Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2014-04-19 18:35:00

RELIANCE INDUSTRIES GAINS

RELIANCE  INDUSTRIES  GAINS

A sharp recovery in margins at its core oil refining business helped Mukesh Ambani's Reliance Industries counteract continuing difficulties in its smaller oil and gas exploration division.

The boost in gross refining margins to $9.3 per barrel compared with $7.6 per barrel the quarter before, helped India's largest company by market capitalisation produce results broadly in line with expectations.

Reliance saw fourth-quarter net profits come in flat at Rs56.31bn ($933m), a 0.8 per cent rise from same period a year earlier. Analysts had been looking for a net profit of Rs56.62bn, according to Reuters data.

Mr Ambani, while describing the year as satisfying, said the "refining business delivered the highest ever profits with a sharp recovery in GRMs towards the end of the year".

However, the energy and petrochemicals-focused conglomerate's oil and gas division continued to underperform and recorded a steep drop in earnings from the previous quarter. The fall damped enthusiasm generated by the surprise increase in gross refining margins.

More broadly, the results come at a time of high political risk for Reliance and its oil and gas division in particular, with the company most recently issuing a legal notice against the authors of a book accusing the company of "crony capitalism" in relation to a large gasfield it operates with British oil group BP.

The move marked the latest controversy faced by Reliance relating to its gasfields off India's east coast, including a dispute over gas production levels that has seen Mr Ambani's company accused of excessive political influence by campaigners during the country's national election.

Allegations have circled around a planned increase in the regulated price of gas produced from Reliance's field, which India's election commission postponed last month until after the completion of voting in mid-May. The higher price would have provided a boost to Reliance.

A Mumbai based analyst speaking on condition of anonymity said that, "given Reliance's stronghold in Delhi they will get their way eventually but the timing and size of the hike remain uncertain".

Reliance shares have been performing well over the past month, up 8.2 per cent to Rs959.10, as hopes of an economic turnround under the resurgent opposition Bharatiya Janata party and presumptive next prime minister Narendra Modi, grow.

ft.com

 

Tags: INDIA, OIL, GAS, RELIANCE
RELIANCE  INDUSTRIES  GAINS September, 20, 09:05:00

OIL PRICE: ABOVE $55 YET

RELIANCE  INDUSTRIES  GAINS September, 20, 09:00:00

GAS PRICES UP TO $3.146

RELIANCE  INDUSTRIES  GAINS September, 20, 08:55:00

ЦЕНА URALS: $51,81591

RELIANCE  INDUSTRIES  GAINS September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

RELIANCE  INDUSTRIES  GAINS September, 20, 08:45:00

RENEWABLE'S FUTURE

RELIANCE  INDUSTRIES  GAINS September, 20, 08:40:00

TOTAL BUYS RENEWABLE

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RELIANCE  INDUSTRIES  GAINS
September, 20, 08:35:00

BP - AZERBAIJAN OIL DEAL

BP and its partners in Azerbaijan's giant ACG oil production complex agreed Thursday to extend the production sharing contract by 25 years to 2049 and to increase the stake of state-owned SOCAR, reducing the size of their own shares.

RELIANCE  INDUSTRIES  GAINS
September, 20, 08:30:00

U.S. DEFICIT UP TO $123.1 BLN

The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.

RELIANCE  INDUSTRIES  GAINS
September, 18, 12:35:00

OIL PRICE: ABOVE $55

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading up 41 cents, or 0.8 percent, at $50.30 by 0852 GMT, near the three-month high of $50.50 it reached last Thursday. Brent crude futures LCOc1, the benchmark for oil prices outside the United States, were at $55.91 a barrel, up 29 cents, and also not far from the near five-month high of $55.99 touched on Thursday.

RELIANCE  INDUSTRIES  GAINS
September, 18, 12:30:00

RUSSIA - CHINA - VENEZUELA OIL

“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.

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