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Oil rig mishap: Indian embassy officials to meet authorities

Last Updated: Saturday, December 28, 2013, 20:09

India deployed mission staff in Saudi Arabia after bodies of two Indians, reported missing after an offshore oil rig of state-run petroleum giant Aramco sank in the Persian Gulf, have been found.

Saudi Arabia throttles back from record high oil output

Last Updated: Friday, November 08, 2013, 23:28

The world`s top oil exporter turned down the taps to 9.75 million barrels per day (bpd) in October - versus 10.1 million bpd the previous month, an industry source familiar with the matter told Reuters.

'US to be world's largest oil producer by 2020'

Last Updated: Tuesday, November 13, 2012, 10:14

During the launch of the 2012 World Energy Outlook, the IEA pointed "energy developments in the US are profound and their effect will be felt well beyond North America and the energy sector", Xinhua reported Monday.

Saudi to maintain oil supply if US draws stocks

Last Updated: Tuesday, April 03, 2012, 22:45

Saudi Arabia has repeatedly said it is meeting customer needs and that it is ready to meet any extra requirements.

Venezuela surpasses Saudi Arabia in oil reserves

Last Updated: Wednesday, July 20, 2011, 15:10

Venezuela is now the country with the most proven crude oil reserves on the planet, 296.5 billion barrels, according to the Annual Statistical Bulletin of the Organization of the Oil Exporting Countries.

Saudi Arabia `overstated oil reserves`: WikiLeaks

Last Updated: Thursday, February 10, 2011, 14:58

US fears Saudi Arabia may not have enough oil reserves to stop price rise.