Oil and Gas 8 April 2026

Reliance Jamnagar Refinery Shutdown: Why India’s Fuel Supply Faces a Mid-May Test

Reliance Jamnagar Refinery Shutdown: Why India’s Fuel Supply Faces a Mid-May Test

Reliance Industries is set to take down a crude unit and several secondary units at its 660,000 bpd Jamnagar refinery for three to four weeks starting later this month, four sources said, putting one of India’s biggest fuel plants offline for planned maintenance during a tricky patch for the country’s energy supply. Quantum Commodity Intelligence said Reliance postponed the shutdown, now aiming to begin work on the Jamnagar domestic tariff area crude unit in mid-May. Timing is critical here, with India still working to maintain fuel supplies as supply chains stay stretched. On Monday, Reliance announced it’s scaling back alkylates output—the high-octane gasoline blendstock—and shifting feedstock to ramp up liquefied petroleum gas, or LPG, production. Reliance said LPG output has
May 5, 2026
Shell Plc Flags $15 Billion Working-Capital Hit as Iran Conflict Cuts Gas Output, Lifts Oil Trading

Shell Plc Flags $15 Billion Working-Capital Hit as Iran Conflict Cuts Gas Output, Lifts Oil Trading

Shell Plc flagged on Wednesday that first-quarter gas production will fall short of its previous forecast, citing ongoing volatility in commodity markets that could push working capital as low as negative $15 billion—possibly as little as negative $10 billion. Oil trading and fuel marketing, however, are showing gains. The company's trading update, coming ahead of its scheduled results next month, gives an early glimpse into how the Iran conflict is impacting a major oil producer’s quarterly performance. This time, the tables have shifted: Brent crude slipped under $100 a barrel following the two-week U.S.-Iran ceasefire news. Still, BP, Shell, and TotalEnergies were each trading 6% to 9% lower in Europe. Investors are left trying to gauge whether any of that
April 8, 2026