close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Saudi oil

Oil prices rise as Saudi supply risks come into focus

Brent crude futures gained $1.44 to $65.04 a barrel by 0958 GMT, while US West Texas Intermediate crude was up 89 cents at $59 a barrel.

Sep 19, 2019, 16:26 PM IST

Saudi attacks raise spectre of oil at $100 per barrel

Attacks on two plants at the heart of the kingdom`s oil industry on Saturday knocked out more than half of Saudi crude output, or 5% of global supply.

Sep 18, 2019, 09:46 AM IST

Saudi prince unveils sweeping plans to end "addiction" to oil

The powerful young prince overseeing Saudi Arabia`s economy unveiled ambitious plans on Monday aimed at ending the kingdom`s "addiction" to oil and transforming it into a global investment power.

Apr 26, 2016, 09:02 AM IST

Saudi Arabia's oil output projected at 9.8 mbpd this year

Saudi Arabia's oil production is projected to rise to 9.8 million barrels per day (mbpd) this year from 9.6 mbpd, as the Kingdom tries to win back market share in its oil price war with US shale drillers, according to a review.

Apr 12, 2015, 15:52 PM IST

China's Wen presses Saudi Arabia for oil, gas access

Chinese Premier Wen Jiabao pressed Saudi Arabia to open its huge oil and gas resources to expanded investment from Chinese companies, media reports said on Sunday after Wen began a trip to Middle Eastern energy powers.

Jan 15, 2012, 09:41 AM IST

Saudi offers extra 3 mn barrels to India in August

Saudi Arabia has agreed to sell 3 million barrels of additional crude oil to India next month to make up for supply cut by Iran over unpaid bills, touching USD 7 billion.

Jul 26, 2011, 20:49 PM IST