Saudi Arabia loses spot as top crude supplier to India, China

Last Updated: Wednesday, June 24, 2015, 21:39

Saudi Arabia lost its spot last month as India`s top oil supplier to Nigeria for the first time in at least four years, according to ship tracking data compiled by Reuters, as the world`s top crude exporter struggles to maintain market share in Asia.

Saudi Arabia opens $585 billion stock market to foreign investors

Last Updated: Monday, June 15, 2015, 15:59

Saudi Arabia's stock market, valued at USD 585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices.

US becomes biggest oil producer in 2014, surpasses Saudi Arabia

Last Updated: Wednesday, June 10, 2015, 18:21

The United States has overtaken Saudi Arabia as the world's biggest oil producer in 2014 while India has recorded the highest growth in energy consumption among major economies.

Tata Motors flagship showroom launched in Saudi Arabia

Last Updated: Tuesday, June 9, 2015, 14:44

The facility in the Saudi capital is said to be one of the largest in the Gulf Cooperation Council (GCC) countries and a statement of commitment from Tata Motors and Manahil International in expanding their base in the kingdom, a statement released by Tata Motors said.

Oil prices rise after OPEC keeps low output target

Last Updated: Friday, June 5, 2015, 18:00

Oil prices rose on Friday, breaking a two-day losing streak, after OPEC ministers maintained their existing oil production target for another six months at a level below current output.

Saudi reserves dip $49 bn from end-2014: Report

Last Updated: Monday, June 1, 2015, 21:42

Saudi Arabia`s foreign currency reserves dropped by $49 billion in the first four months of 2015 following the dive in world oil prices, a report said Monday.

Saudi EPC project worth Rs 3,624 cr goes to IVRCL

Last Updated: Monday, May 11, 2015, 14:09

"IVRCL has bagged a turnkey EPC project worth SAR 2.196 billion from the Ministry of Interior-Kingdom of Saudi Arabia (KSA)," the company said in a regulatory filing.

Oil hits 2015 highs as Libya output slows, Saudis raise prices

Last Updated: Wednesday, May 6, 2015, 01:51

New York: Oil prices hit their highest for the year on Tuesday, aided by a disruption in Libyan crude exports, higher selling prices for Saudi oil and a weaker dollar that tends to inflate commodity prices.

Saudi sets ownership caps as $575 billion bourse opens to foreigners

Last Updated: Monday, May 4, 2015, 23:40

Foreign investors can own no more than 10 percent of Saudi Arabia`s stock market by value, the regulator said on Monday as it announced rules opening the $575 billion bourse to direct foreign investment next month.

Oil hits 2015 high on Yemen worry; US gasoline at November peaks

Last Updated: Friday, April 24, 2015, 01:48

Crude oil prices settled up 3 percent on Thursday, hitting 2015 highs, while U.S. gasoline reached 5-month peaks after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies.

Oil down as Saudis end Yemen bombing; traders eye crude build

Last Updated: Wednesday, April 22, 2015, 01:31

Oil prices fell on Tuesday after Saudi Arabia announced the end of its military campaign in Yemen, easing tensions in the Middle East, and traders expected another weekly build in US crude stockpiles.

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

Last Updated: Sunday, April 12, 2015, 15:52

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.