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Oil wars: Know how Kremlin's $13 billion Indian deal almost fell apart

Oil wars: Know how Kremlin's $13 billion Indian deal almost fell apart

A multi-billion-dollar Russian deal to buy Indian refiner Essar was nearly sunk at the eleventh hour by a rival bid from Saudi Arabia as the two oil superpowers vie for supremacy across the world.

Saudi Arabia posts record budget deficit, to raise petrol prices by more than 50%

Saudi Arabia posts record budget deficit, to raise petrol prices by more than 50%

Saudi Arabia said Monday it was raising petrol prices by more than 50 percent for some products from Tuesday as it cuts a range of subsidies after posting a record budget deficit.

L&T wins gas project from Saudi Aramco

Larsen & Toubro (L&T) on Wednesday said it has won a contract from the Saudi Arabian Oil Company Saudi Aramco for setting up gas processing facilities.