BP, Reliance to Sink $5 Billion in Indian Gas Field to Raise Output
Gas – Bloomberg reported that BP and Reliance intend to invest $5 billion in India's largest natural gas field in an effort to boost output.
Articles Tagged "reliance"
Top Oil Producer Targeting Assets in India
Oil – BP and Reliance Industries intend to create a joint commercial interest to purchase, transport and market oil and natural gas. This partnership could prove important for the Indian economy.
Golden Peaks to acquire Gold Exploration Portfolio
Gold – Golden Peaks Resources Limited (TSE:GL) signs a Letter of Intent to acquire 100% of Reliance Resources Limited.
Advantage: Crude
Crude Investing News reports crude oil fell due to inventories. Inventories of crude oil dropped 978,000 barrels to 337.4 million, the report showed. A 2 million-barrel gain was forecast by analysts. Supplies are 10 per cent above average. Imports fell 4.6 per cent to 9.1 million barrels a day last week. At just under $70 [...]
South Parse: dead cat bounce
Gas Investing News reports prices of natural gas had a mild rebound after a bashing with the stall in the US bail-out plan in the past few days. Through this lens, it is apparent that Tuesday and Wednesday’s rebounds are the product of the “dead cat bounce”. This rather morbid but splendidly explanatory term indicates that a rapid [...]
