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Indian oil-to-telecoms conglomerate Reliance Industries Ltd (RELI.NS) said on Tuesday it would invest $144 million in U.S. energy storage company Ambri Inc, along with billionaire Bill Gates, investment management firm Paulson & Co and others. ....
Saudi Arabian state oil producer Aramco (2222.SE) reported a near four-fold rise in second-quarter net profit on Sunday, beating expectations and boosted by higher oil prices and a recovery in oil demand. ....
Peru's new Prime Minister Guido Bellido told Reuters on Saturday that the state plans to participate in key industries, including natural gas and new hydroelectric projects, under a new leftist administration. ....
China's crude oil imports rebounded in July from a six-month low as state-backed refiners ramped up output after returning from maintenance, though independent refineries slowed restocking amid probes by Beijing into trading and taxes. ....
Reuters 1 minute read United Steelworkers (USW) union members picket outside Exxon Mobil s oil refinery amid a contract dispute in Beaumont, Texas, U.S., May 1, 2021. REUTERS/Erwin Seba HOUSTON, June 25 (Reuters) - No new proposals for ending a two-month lockout of 650 United Steelworkers union members from Exxon Mobil Corpâs (XOM.N) Beaumont, Texas refinery were made during a meeting this week, said union and company spokespeople. The lead negotiators for both sides met on Wednesday, but no proposals were exchanged, the spokespeople said. Exxon locked out the workers on May 1 citing the risk of a strike. The USW has said the companyâs last proposal requires its members to give up long-standing seniority and would create a separate contract for workers in a lube oil plant from that for workers in the refinery. ....