aramco

It’s now been over 2 years since talk of Aramco picking up a 20% stake in Reliance O2C business surfaced. But nothing has happened since then, except for a few murmurs. Aramco chairman is also on board of Reliance now, so it seems like a deal is in the offing. However, this may not play out for...

In December last year, Jio hiked prices - this should go directly to bottom line. Jan 2020 onwards, IMO2020 kicks in - Reliance is big beneficiary of this. Falling oil price typically results in greater refining margins, but also inventory losses. However, Reliance has been scalping Crude that...