Oil and Gas 8 April 2026

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

Reliance Industries will shut a crude unit and some secondary units at its 660,000 bpd Jamnagar refinery for three to four weeks from mid-May, sources said. The shutdown follows delayed maintenance and coincides with Nayara Energy’s expected restart of its 400,000 bpd Vadinar refinery. Reliance has increased LPG output more than threefold to offset lost imports. Reliance shares closed nearly flat at 1,463.60 rupees.
May 5, 2026
Shell Plc Flags $15 Billion Working-Capital Hit as Iran Conflict Cuts Gas Output, Lifts Oil Trading
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Shell Plc Flags $15 Billion Working-Capital Hit as Iran Conflict Cuts Gas Output, Lifts Oil Trading

Shell warned first-quarter gas output will fall short of guidance and expects working capital between negative $10 billion and negative $15 billion due to volatile prices. The Pearl gas-to-liquids plant in Qatar halted production after March attacks, with repairs expected to take up to a year. Shell raised refining margin guidance to $17 a barrel and said oil trading and fuel marketing have improved.
April 8, 2026

Stock Market Today

  • Roblox Stock Drops 67%: Potential Long-Term Growth Opportunity
    May 23, 2026, 5:50 AM EDT. Roblox (NYSE:RBLX) has fallen 67% since September, primarily due to new child safety features that slowed user growth and led to a reduced FY26 bookings forecast of 8%-12%, down from 22%-26%. Despite the setback, Roblox's platform remains highly active with 132 million daily users and 31 billion engagement hours quarterly, showing 35% user growth year-over-year. The stock now trades at an enterprise value of four times projected FY26 bookings, a significant discount to historical multiples. Roblox is investing in attracting older users and incentivizing developers by raising Developer Exchange fees, aiming to enhance long-term value. While risks persist, the conservative guidance and strategic investments could present a compelling buying opportunity over the next five years for growth-focused investors.