The Bombay High Court has asked Reliance to sell gas at a sharply reduced price to an Anil Ambani group firm, Decade’s hottest biz feuds Tycoons with a golden heart may-challenge-decision Mukesh’s street on plushest list causing some uncertainty in India’s nascent natural gas industry, and delivering a sharp blow to the valuations of RIL, [...]
Energy stocks moved within striking distance of their Oct. 10 lows with double-digit percentage losses Thursday, as oil futures closed at a three-and-a-half-year low, retail gasoline prices dipped within a whisker of $2 a gallon, and natural-gas shares dropped sharply on a surprise boost in weekly inventory data. For full story, click here
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