Saudi Oil

Brent tumbles to lowest since 2002, US crude dips below $20 per barrel

With Saudi Arabia and Russia set to flood the market with oil next month, producers and shippers have been scrambling to lock oil up in storage as demand falls.

BPCL stake sale may get delayed over falling oil prices, market crash

As confidence on equities declines, large oil producers may hesitate to loosen their purse strings, thereby impacting valuations too

'Crazy' Saudi oil price cuts seen reigniting market share war with Russia

Deal between Russia and OPEC shook on Friday when OPEC, led by Saudi Arabia, failed to reach agreement with the world's No. 2 oil producer Russia to deepen production cuts aimed at shoring up prices.

Committed to meet India's energy security needs, says Saudi Arabia

Saudi Arabia is a key pillar of India's energy security, being a source of 17 per cent or more of crude oil and 32 per cent of LPG requirements of India

Petrol price jumps Rs 1.59 a litre, diesel by Rs 1.31 after Saudi attacks

India depends on Saudi Arabia for a fifth of its oil imports and has been in constant touch with Kingdom officials on securing its supplies

Saudi Aramco has come out 'stronger than ever' from oil attacks: CEO

The Sept. 14 attacks on the Abqaiq and Khurais plants, some of the kingdom's biggest, caused raging fires and significant damage that halved the crude output of the world's top oil exporter

US to deploy forces in Gulf in response to attacks on Saudi oil facilities

US to deploy forces in Gulf on after drone attacks on Saudi oil facilities

Saudi switches crude grades, delays oil supplies to buyers in Asia

Crude oil loading delays were widespread as most buyers have received Aramco's request to push back shipments in October by 7-10 days

Saudi oil attacks: Logistics cost a concern as India looks to Russia, US

On Tuesday, Petroleum Minister Dharmendra Pradhan met Russian oil giant Rosneft's Chief Executive Office Igor Sechin and discussed raising crude imports from that country

Will meet all oil supply commitments to India: Saudi minister to Pradhan

Pradhan spoke to his Saudi counterpart on phone and discussed in details supply plan in the aftermath of a massive attack on the Kingdom's crude oil facilities

India looks to Russia for crude after drone strike on Saudi oil facilities

Minister says volatility in international pricing a cause of concern for India

Saudi crisis pushes India's fuel prices to highest level since Budget

There are expectations that the largest-ever disruption of crude production in Saudi Arabia may keep oil prices elevated in the near term

Oil prices drop as Saudi Arabia says will resume full production in weeks

Attacks on crude-processing facilities at Abqaiq and Khurais resulted in the largest single supply disruption in half a century.

Iran rules out negotiations with US amid tensions over Saudi oil attack

The development came as tensions mount between the arch-foes after Washington blamed Tehran for attacks on Saudi oil installations

Crude shock: Rise in oil prices may deepen India's auto crisis, say experts

Spike in oil prices will translate into a matching or higher increase in fuel prices in domestic market

HPCL, BPCL, IOC and aviation stocks tumble as global crude oil price surges

While paints and adhesive players too will see some margin pressure, upstream companies like ONGC, OIL India and GAIL are seen as beneficiaries

Drone attacks bring fresh troubles for emerging market investors

Fresh from their longest rally in 20 months, many currencies foundered after the weekend drone attack on the Saudi Aramco installations led Riyadh to halve production

Saudi oil crisis may push domestic air fares up by 10-15% by month end

Fares may rise sooner if crude oil price remains elevated, say airlines

Saudi attacks to hit India's oil import bill, rupee immediate casualty: DBS

'Every dollar move in the Brent prices adds around $2 billion to India's oil imports bill'

Saudis race to fix oil supply after Aramco attack slashes output by half

State energy producer Saudi Aramco lost about 5.7 million barrels per day of output after 10 unmanned aerial vehicles struck the world's biggest crude-processing facility