Indian refiners deepen cuts to Saudi oil purchases in May – sources
Energy relations between India, the world’s third-biggest oil importer and consumer, and Saudi Arabia have soured as global oil prices spiked.
Energy relations between India, the world’s third-biggest oil importer and consumer, and Saudi Arabia have soured as global oil prices spiked.
By IAR Review Saudi Arabia’s state oil company has suspended a deal to build a
The UAE Ministry of Foreign Affairs and International Cooperation, on Sunday, August 16, summoned the Iranian charge d’affaires, and handed him a strong note of protest.
So would ties between India and the Gulf region be adversely affected?
Saudi Arabia replaced Iraq as the top oil supplier to India in April after a gap of three months as refiners in Asia’s third largest economy were drawn by deep discounts on Saudi crudes, data obtained from sources showed.
Removing missiles, other measures mark end of recent military buildup to counter Iran, officials say
The world’s biggest oil exporter Saudi Aramco has said it is focusing its downstream investments in high-growth nations such as India as it negotiates a deal to buy up to 20 per cent stake in Reliance Industries’ USD 75 billion oil-to-chemical business.
Saudi Arabia, the U.A.E. and Kuwait are the biggest producers in the GCC and are all OPEC members. Risks differ for the GCC states, which also include Qatar, Oman and Bahrain.
The kingdom will invest $100 billion in India
Head of the Huthis’ supreme political council says he hopes gesture will be answered by a stronger gesture from Saudis, reported Arabian Business
Photo: Reuters