Reliance Industries Ltd. (RIL), Mumbai, has commissioned a benzene recovery unit (BRU) at the domestic-tariff area (DTA) refinery of its 1.24 million-b/d Jamnagar refining and petrochemical complex in Gujarat, India. Source: News

The global oil and gas industry is set to receive an infusion of capital from private equity (PE) firms, Ernst & Young LLP indicates in a global survey of 100 PE firms active in the business. Source: News

Royal Dutch Shell PLC considers its shale holdings a growth priority for 2020 and beyond now that the major divested roughly half its US and Canada unconventional properties in recent years, executives told reporters during a June 20 media event at its West Houston offices. Source: News

The US Bureau of Land Management’s proposal to establish more public involvement opportunities in its resource management planning process could increase uncertainty instead, the American Petroleum Institute and Independent Petroleum Association of America jointly warned. They called on BLM to withdraw the proposed reforms. Source: News

Prices for light, sweet crude oil on the New York market reached above $49/bbl while Brent crude oil prices reached above $50/bbl on the London market on June 20. Source: News

Tesoro Corp., through affiliates, has closed its acquisition of wholesale marketing and logistics properties in Anchorage and Fairbanks, Alas., from Flint Hills Resources. Source: News