Saudi Arabia keen to participate in Make in India: Envoy

Last Updated: Wednesday, April 8, 2015, 17:37

Saudi Arabia, the largest supplier of crude oil to India, is keen to participate in the Make in India initiative of the Narendra Modi government and has asked its businesspeople to explore the opportunities in India under the scheme, the kingdom's envoy has said.

Oil up more than $1 after Saudi's Asia price hike

Last Updated: Monday, April 6, 2015, 18:19

Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised its prices for crude sales to Asia for the second month running, signalling improved demand in the region.

Oil prices drop on prospect of Iran nuclear deal

Last Updated: Monday, March 30, 2015, 23:08

Global oil prices sank Monday as traders mulled a potential deal over key oil producer Iran`s controversial nuclear energy programme that could worsen the global supply glut, analysts said.

Oil prices surge after Saudi air strikes in Yemen

Last Updated: Thursday, March 26, 2015, 13:49

Brent crude oil shot up nearly 6 percent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, although importers saw little immediate threat to supplies.

OPEC must work with other producers to boost oil prices: Saudi

Last Updated: Monday, March 23, 2015, 11:27

Oil producers outside OPEC must cooperate to boost falling crude prices as the cartel refuses to take responsibility alone, the Saudi oil minister has said.

Gulf Arab allies pledge $12 billion to Egypt at summit

Last Updated: Saturday, March 14, 2015, 02:17

Gulf Arab allies pledged a further USD 12 billion of investments and central bank deposits for Egypt at an international summit on Friday, a big boost to President Abdel Fattah al-Sisi as he tries to reform the economy after years of political upheaval.

Ashok Leyland opens sixth service outlet in Riyadh

Last Updated: Friday, February 20, 2015, 14:31

Hinduja Group flagship company Ashok Leyland today inaugurated its state-of-the-art service workshop in Riyadh in Saudi Arabia, taking the total number of outlets in the region to six.

Aramco CEO says oil market imbalance has nothing to do with Saudi

Last Updated: Tuesday, January 27, 2015, 13:14

The imbalance in the oil market has nothing to do with Saudi Arabia, and a fair oil price is what would ultimately balance supply and demand, the head of state oil company Saudi Aramco said on Tuesday.

New Saudi leaders to press economic diversification

Last Updated: Monday, January 26, 2015, 18:50

Saudi Arabia's new leadership will push forward efforts to diversify the growing but oil- dependent economy, while easing procedures for investors, senior officials said Monday.

Oil prices fall on market relief over Saudi policy

Last Updated: Monday, January 26, 2015, 17:27

Oil prices fell on Monday, with US crude falling close to a nearly six-year low, as Saudi Arabia`s new King Salman moved to assuage fears of an unstable transition and any policy change in the world`s largest oil exporter.

Oil jumps as Saudi king's death feeds market uncertainty

Last Updated: Friday, January 23, 2015, 14:42

Oil prices jumped on Friday as news of the death of Saudi Arabia`s King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades.