After years of global success, India’s Reliance Industries faces oil shock at home

SINGAPORE/NEW DELHI (Reuters) – Reliance Industries (RELI.NS), currently India’s second most valuable listed company, got rich by trading fuel across Asia, Africa and Europe while effectively ignoring its home... Read more »

Factbox: Foreign investment in Saudi Arabia

DUBAI (Reuters) – Scandal surrounding the killing of Saudi journalist Jamal Khashoggi has shrunk the attendance of senior executives from multinational companies at this week’s Future Investment Initiative conference... Read more »

Oil holds steady as rising U.S. rig count offsets Iran sanctions worries

SINGAPORE (Reuters) – Oil prices were stable on Monday, supported by supply concerns ahead of the start of U.S. sanctions against Iran’s crude exports, but held back by rising... Read more »

Iran says Trump cannot bring oil prices down by ‘bullying’

LONDON (Reuters) – U.S. President Donald Trump cannot bring oil prices down by “bullying” other nations, Iran’s oil minister said on Tuesday, adding that the market was suffering from... Read more »

Death toll reaches 60 in Nigerian oil pipeline fire

ABUJA (Reuters) – Sixty people were killed after a fire broke out on Friday on an oil pipeline in the southeast of Nigeria, a spokesman for the National Emergency... Read more »

U.S. crude rises as one-fifth of oil production lost ahead of hurricane

HOUSTON (Reuters) – U.S. crude prices were modestly higher on Tuesday as nearly one-fifth of daily oil production was lost from offshore Gulf of Mexico wells due to Hurricane... Read more »