Reliance’s O2C, new energy biz may be valued over $100 bn: Report

Billionaire Mukesh Ambani-led Reliance Industries Ltd’s plans for investing Rs 75,000 crore in solar, batteries, fuel cells and hydrogen could create valuation of USD 36 billion (Rs 2.6 lakh crore) for the new energy business, Wall Street brokerage Bernstein Research said in a report. Reliance currently has three verticals — oil-to-chemical (O2C) business that houses

China’s June diesel exports rebound amid record refinery output

China’s June diesel exports rebounded from May and more than doubled from the same period last year, as refiners shipped out more surplus barrels amid record refinery production. Diesel shipments last month reached 2.36 million tonnes, versus 1.68 million tonnes in May and 1.04 million tonnes in June 2020, data from the General Administration of