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Latest Articles in saudi arabia

IMF Chief, Argentina Flag Path To New Debt Deal After G20 Meet In Riyadh

The IMF gave Argentina a $57 billion standby financing agreement in 2018, but that programme was agreed by the previous government and has been essentially on ice since the election.

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Saudi Arabia Wary Of Costly Slow Response As Virus Knocks Oil

Oil prices have fallen by more than $11 a barrel this year to $54, alarming producers, as the coronavirus, which has killed more than 1,000 in China, spreads.

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L&T Construction Bags Large Contracts In Philippines, Saudi Arabia

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over 21 billion dollars in revenue.

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OPEC+ Panel Recommends Deeper Oil Cut, Awaits Nod From Russia

The economic slowdown resulting from the virus outbreak is expected to reduce 2020 global demand growth by 300,000-500,000 bpd, or roughly 0.5%, BP Chief Financial Officer Brian Gilvary.

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Saudi Arabia May Cut March Prices For Most Crude Grades To Asia

Asia's biggest refiner Sinopec has said it will cut throughput at its plants by 600,000 barrels per day (bpd) in February, although it is unclear how long the production cuts will last.

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Oil, Gold Prices Climb Higher As Middle East Tensions Flare

Brent crude oil soared past 70 dollars a barrel, rising by more than 2 per cent on Monday, while West Texas Intermediate crude rose by 1.8 per cent to 64.21 dollars.

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Saudi Aramco Kick-Starts What Could Be World's Biggest IPO

Bankers have told the Saudi government that investors will likely value the company at around USD 1.5 trillion.

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Modi Says Saudi Arabia To Invest In India's Downstream Oil, Gas Projects

Modi, who is on a two-day visit to Riyadh to participate in an investor summit, will meet King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman later on Tuesday.

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Oil Prices Climb As Positive China Factory Data Eases Demand Concerns

Brent crude futures rose 9 cents to $62 a barrel by 0300 GMT while US West Texas Intermediate (WTI) crude futures rose 13 cents to $56.04 a barrel.

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Oil Slips As Focus Shifts From Saudi Supply To Global Demand Concerns

Brent crude futures fell 35 cents to $64.42 a barrel by 0408 GMT, while U.S. West Texas Intermediate (WTI) futures were at $58.36, down 28 cents.

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Saudi's Falih Calls On Buyers To Secure Oil Shipments In Hormuz

"We, of course, call on the international community and have discussions with my counterpart Minister Pradhan today that India also needs to do its part of securing free navigation of sea links transporting energy to the rest of the world," al-Falih told Reuters after meeting with India's Petroleum Minister Dharmendra Pradhan.

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Qatar To Withdraw From OPEC As Of January 2019: Minister

The announcement comes ahead of the meeting by OPEC and its allies including Russia on Dec. 6-7 to discuss cutting supply

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India Says Expects Significant Scaling Up Of Saudi Investments

"We expect that in the next 2 to 3 years there will be significant scaling up of Saudi investments in India"

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Oil Slips On Record Saudi Output; Markets Eye G20 And OPEC Meetings

Saudi Arabia raised oil production to an all-time high in November, an industry source said yesterday, pumping 11.1 million to 11.3 million barrels per day (bpd) during the month

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Saudi Arabia Oil Pumping At Record High As Trump Raises Pressure

Saudi Arabia agreed to raise supply steeply in June, in response to calls from consumers, including the United States and India, to help cool oil prices and address a supply shortage after Washington imposed sanctions on Iran

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