Ahead of the resumption of indirect talks between the United States and Iran on Tuesday, oil prices eased
Saudi Arabia would raise funds off its biggest asset, and use them to develop new industries
State oil giant Saudi Aramco sets its crude prices based on recommendations from customers and after calculating the change in the value of its oil.
The group will buy a 49 per cent stake in Aramco Gas Pipelines
Talks broke down over how much Reliance's O2C business should be valued as the world seeks to move away from fossil fuels and reduce emissions, say sources
The reevaluation of the decision to sell a 20% stake in Reliance Industries Ltd's oil-to-chemical business to Saudi Aramco will not impact the firm's credit quality, Moody's Investors Service said
The scenario reflects the larger uncertainties in global fossil fuel investments and India's whimsical policy environment
WHO Europe called on people to get vaccinated and respect proper hygiene and practice social distancing to help stop the spread of the virus
Aramco had signed a non-binding letter of intent in August 2019 for a potential 20% stake in Reliance's oil-to-chemicals unit valued at about $15 billion
Analysts said market was factoring in a full $75 bn valuation for O2C segment. Irrespective of the refining and petrochem cycle, the key catalyst for the market was Aramco deal closure
Broader indices suffer deeper cuts; SmallCap index declines 3%; RIL sinks 4% after calling off deal with Saudi Aramco
Saudi Aramco was suppose to acquire 20 per cent stake in Reliance's oil to chemicals (O2C) business
RIL shareholders had recently passed a resolution in October to appoint Saudi Aramco Chairman Yasir Al-Rumayyan as an independent director to the conglomerate's board
RIL and Saudi Aramco signed a non-binding letter of intent in August 2019 for a potential 20 per cent stake acquisition by Saudi Aramco in the O2C business of Reliance.
RIL now plans to take in partners in its new energy and specialty chemical businesses which means its subsidiaries will take different directions based on their requirement for technology tie-ups
RIL withdraws application to separate Oil to Chemicals business
The stake sale talks, which were first officially revealed in August 2019, are being reset in light of Reliance making forays into new energy business in recent months
Public sector oil and gas explorer Oil and Natural Gas Corporation Limited has inked a Memorandum of Understanding with world's largest oil company Saudi Aramco
Aramco shares were up 1 per cent in early trade after the company disclosed its results
CEO Amin Nasser describes the company's third-quarter results as "exceptional.