Rakesh Sharma
@journorakesh
Asia Oil Trading Reporter @business. Prior stops Energy Intelligence, Dow Jones Newswires, Reuters, Hindustan Times. Opinions my own. [email protected]
Its not just financials...but the SUN, the MOON and the STARS. Good one by @preeti_msoni @akritiisharma India’s astrology market has snowballed to $7 billion as a younger generation seeks celestial guidance on everything from life, love to stocks bloomberg.com/news/articles/…
India's total #astrology market is estimated to be worth more than $7 billion, and the digital segment alone is expected to grow tenfold by March 2030, report @preeti_msoni & @akritiisharma bloomberg.com/news/articles/…
Indian #solarballsnsfw maker Indosol Solar Ltd. expects to build 10 gigawatts of capacity spanning the value chain by 2026, tapping into government incentives that support domestic manufacturing, reorts @rajeshsing13 bloomberg.com/news/articles/…
"They are probably just smart to realize that they’re sandwiched. On one hand, access to capital is no longer their abiding advantage. On the other, real economic power is concentrating in fewer hands." @andymukherjee70 bloomberg.com/opinion/articl…
COMMODITY TRADING: “Trafigura has deferred about 30% of the buybacks that were scheduled for this year, according to people familiar with the matter.“ bloomberg.com/news/articles/…
Indian private refiner Reliance Industries purchased a shipment of Abu Dhabi’s flagship Murban crude in recent days on an Intercontinental Exchange Inc. platform bloomberg.com/news/articles/…
India issued guidelines to protect #SolarPower equipment from potential #cyberattacks, responding to industry concerns that imported #China-made parts may be putting the grid at risk reports @rajeshsing13 bloomberg.com/news/articles/…
New European Union sanctions on Russia may be the first seeking to punish Moscow by targeting the size of its oil exports and not just the value, writes @JLeeEnergy bloomberg.com/news/newslette…
China just began construction of the biggest energy project ever 🇨🇳🌊🏗️
#LokSabha में @PetroleumMin से जुड़े एक सवाल का जवाब देते हुए! #QuestionHour #MonsoonSession2025
.@airindia Flight AI 171 was airborne for 32 seconds before disaster struck, with a 10-second gap in the crash probe's timeline potentially holding the key to understanding what happened. bloomberg.com/news/features/…
India’s largest importer of natural #gas @PetronetLNGLtd is seeking a loan of at least 120 billion rupees ($1.4 billion) for a new #petrochemical plant and an #LNG terminal, according to people familiar with the matter. with @dassaikatv bloomberg.com/news/articles/…
Any delay in the development of the Jafurah liquid-rich shale gas play is important because: 1) it's slated to add >600,000 b/d of liquids (condensates / NGLs rather than crude) by 2030 2) its gas supply is key to displace crude in KSA electricity generation, cutting oil demand
Oil services giants $SLB and $HAL both singling out a slowdown in activity in Saudi Arabia (linked in part to delays in the development of the the large Jafurah unconventional gas field) #OOTT #SaudiArabia
The oil-procurement patterns of India’s Reliance Industries are coming under scrutiny after the European Union announced new restrictions on diesel made from Russian crude bloomberg.com/news/articles/…
.@Paytm reported a rare profit as sales grew and costs fell, signaling the fintech firm is bouncing back after the Indian banking regulator’s curbs more than a year ago hurt much of its business, writes @sankalp_sp bloomberg.com/news/articles/…
Saudi oil giant Aramco has suffered quite a fall of grace. Its stock value fell on Tuesday to a fresh >5-year low. At 23.99 riyals per share, it's trading at its lowest level since March 2020, when Brent was at ~$25 a barrel. Since its IPO, it's down >17% -- worse than BP !!!
#Shipowners and #oil traders are staying away from #Russia-backed @NayaraEnergy as part of the fallout faced by the Indian refiner, after it was singled out in the latest round of European Union #sanctions. bloomberg.com/news/articles/…
Good for the @WSJ to highlight not only China's efforts to reduce its domestic oil demand (via EVs and renewables), but also its often ignored efforts to **boost domestic oil production** (via massive drilling). #China #OOTT wsj.com/world/china/ch…
bloomberg.com/news/features/… Adani Realty is now one of the country's largest property players and is worth about $1.5 billion. With over a dozen upcoming projects in Mumbai, including Dharavi redevelopment, the firm could become a dominant player in the financial capital