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Members of the Organisation of the Petroleum Exporting Countries (OPEC) are seeking a close balance between supply and demand, Khalid al-Falih said.

Saudi Aramco picks up 50 per cent stake in refinery

The Saudi national oil company will supply half of the crude oil required for processing at the refinery, he said.

12 April 2018 2:06 AM IST

Members of the Organisation of the Petroleum Exporting Countries (OPEC) are seeking a close balance between supply and demand, Khalid al-Falih said.

Saudi Arabia happy with oil market, won't let another glut form

The world's biggest exporter of oil will not sit by and let another supply glut surface.

11 April 2018 2:49 PM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Saudi Aramco to buy 50 pc stake in USD 44 bn refinery in Maha: Saudi...

India is set to grant Saudi Aramco a 50 per cent stake in a planned 1.2 million-barrel-per-day (bpd) refinery on its...

11 April 2018 11:51 AM IST

Indian Oil Corporation

India seeks Saudi investment in strategic oil storage, rescue plan for...

The official statement said: 'Saudi Arabia's participation in Indian Strategic Petroleum Reserve (SPR) program was also...

10 March 2019 2:09 PM IST

Oil minister Dharmendra Pradhan on Sunday inaugurated Pradhan Mantri Ujjwala Yojana here on Sunday.

As petrol prices spike before polls, Pradhan seeks Saudi help to cool...

Petrol and diesel prices, which are revised daily, have been on the rise for the last one month or so.

10 March 2019 1:45 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Saudi minister says oil market headed for 'balance'

Saudi Energy Minister Khalid al-Falih said he did not "think we need to" when asked if kingdom was prepared to make...

8 April 2019 3:38 PM IST

Members of the Organisation of the Petroleum Exporting Countries (OPEC) are seeking a close balance between supply and demand, Khalid al-Falih said.

Saudi energy minister says hopes to balance oil market before next...

OPEC was close to agreeing to extend a pact on cutting oil supplies beyond June.

15 Jun 2019 2:01 PM IST

Saudi Aramco, the worlds top oil company which is preparing to go public, said on Sunday it has appointed new members to its board including a female executive.

Saudi's Falih says Reliance-Aramco talks on Indian refinery stake...

The plan has faced delays as farmers refused to surrender land, forcing the Maharashtra government to find a new...

26 July 2019 9:25 AM IST

Members of the Organisation of the Petroleum Exporting Countries (OPEC) are seeking a close balance between supply and demand, Khalid al-Falih said.

Saudi Arabia gives assurances on supply as oil hits USD 80 per barrel

Saudi Arabia said it would make sure the world is adequately supplied with oil to support global economic growth.

18 May 2018 12:33 PM IST

We take the views of Prime Minister Narendra Modi seriously who (like US President Donald Trump) is equally vocal about the issue, said Saudi oil minister Khalid Al Falih. (Photo: AP)

We take PM Modi's views seriously while deciding oil prices: Saudi...

India is world's third largest oil consuming nation, which is more than 80 per cent dependent on imports to meet its...

7 Dec 2018 12:18 PM IST

Allowing Saudi women to drive could help the kingdom reap as much income as selling shares in Saudi Aramco.

Saudi Arabia's USD 90 billion reason to allow women to drive

Allowing Saudi women to drive could help the kingdom reap as much income as selling shares in Saudi Aramco.

25 Jun 2018 1:22 PM IST