Russia Overtakes Saudi Arabia to Overtake as India’s Second-Largest Oil Supplier
On August 5, Russia surpassed OPEC+ ally, Saudi Arabia, expanding market share in one of the largest crude importers, despite rising fuel demand in India...
Tag : Saudi Arabia
Saudi Arabia Transfers Aramco Shares Worth $80 Billion to State Fund
Saudi Arabia’s Crown Prince Mohammed Bin Salman has transferred 4 per cent of Saudi Aramco shares worth $80 billion to the kingdom’s sovereign wealth fund,...
Wuhan Scientists Warn of New Coronavirus NeoCov
Wuhan scientists have found a new type of coronavirus, “NeoCov”, that is found among bats in South Africa, which can threaten humans in future if...
DGCA Extends Ban on International Flights Till February 28
The Director General of Civil Aviation (DGCA) increased the ban on international commercial flights to and from India till 28th February. The DGCA said in...
India Signs Air Bubble Pact With Saudi Arabia
The Indian government has signed an air bubble agreement with Saudi Arabia, which will permit all eligible travellers to travel between both countries. The flights...
UAE Suspends Weapons Deal of $23 Billion With US
The United Arab Emirates (UAE) suspended talks on a $23 billion deal to buy F-35 planes, armed drones and other equipment in a dispute between...
Saudi Aramco to Raise $17 Billion From Gas Pipeline
Saudi Aramco to gather about $17 billion from selling a minority stake in its gas pipelines. Potential bidders like North American private equity and infrastructure...
Saudi Arabia Declares Travel Ban for Citizens Visiting ‘Red List’ Countries
Saudi Arabia declared a 3-year travel ban on citizens who travel countries mentioned on the Covid-19 red list. “Travelling to the banned countries is violating...
Oil Drops in Volatile Trade as Investors Inquire OPEC Clarity
Oil prices fell more than $1 a barrel on July 7 in another trading session. Crude markets have been active over the last two days...
Brent Oil Steady With Tension Building Before OPEC+ Talks Resume
Brent oil dropped below $76 a barrel ahead of another round of critical OPEC+ discussions to break a stalemate over raising production, with tension rising...