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  • OPEC oil output falls in February on Saudi additional cut: Survey Mar 01, 2021 07:12 PM IST

    OPEC oil output falls in February on Saudi additional cut: Survey

    Top exporter Saudi Arabia pledged an additional 1 million bpd output cut for February and March to ensure inventories do not build up.

  • Joe Biden says he will make announcement on Saudi Arabia on March 1 Feb 28, 2021 07:30 AM IST

    Joe Biden says he will make announcement on Saudi Arabia on March 1

    The Biden administration has faced some criticism, notably an editorial in the Washington Post, that the president should have been tougher on the crown prince, who was not sanctioned despite being blamed for approving Khashoggi's murder.

  • Jamal Khashoggi's murder: Here's all you need to know Feb 27, 2021 03:35 PM IST

    Jamal Khashoggi's murder: Here's all you need to know

    Jamal Khashoggi was murdered in 2018 during a visit to the Saudi Arabian consulate in Istanbul, Turkey.

  • US imposes sanctions, visa bans on Saudis for journalist Khashoggi's killing Feb 27, 2021 11:31 AM IST

    US imposes sanctions, visa bans on Saudis for journalist Khashoggi's killing

    Biden administration officials say the decisions on sanctions and visa bans will send a clear message about how the United States wants to see the future US-Saudi relationship.

  • Saudi Arabia says Crown Prince Mohammed bin Salman had 'successful' surgery Feb 25, 2021 12:38 PM IST

    Saudi Arabia says Crown Prince Mohammed bin Salman had 'successful' surgery

    Crown Prince Mohammed bin Salman, the son of King Salman, has amassed immense powers in the kingdom since being appointed heir to the throne in 2017.

  • Long-serving Saudi oil minister Ahmed Zaki Yamani dies at 90 Feb 23, 2021 04:31 PM IST

    Long-serving Saudi oil minister Ahmed Zaki Yamani dies at 90

    Yamani also oversaw what would become the full nationalization of the Arabian American Oil Co. after the 1973 oil crisis.

  • US defense secretary calls Saudi crown prince, reaffirms strategic ties Feb 19, 2021 04:58 PM IST

    US defense secretary calls Saudi crown prince, reaffirms strategic ties

    Austin reaffirmed the importance of the strategic defence partnership between the two countries, and said the United States was committed to helping Riyadh defend itself, condemning attacks launched into the kingdom by the Houthi group in Yemen.

  • Petroleum Minister Dharmendra Pradhan urges crude-exporting countries to ease production cuts Feb 17, 2021 07:13 PM IST

    Petroleum Minister Dharmendra Pradhan urges crude-exporting countries to ease production cuts

    Price-sensitive Indian consumers are affected by the rising petroleum product prices and it affects the demand growth in an aspirational economy like India, the minister says.

  • Oil hits 13-month highs on supply cuts, weak dollar Feb 09, 2021 08:42 PM IST

    Oil hits 13-month highs on supply cuts, weak dollar

    Top exporter Saudi Arabia is curbing supply in February and March, on top of cuts by producers in the Organization of the Petroleum Exporting Countries and their allies, prompting forecasts of a supply deficit this year.

  • Why the oil price rise is unsustainable Feb 09, 2021 09:44 AM IST

    Why the oil price rise is unsustainable

    The current rise in oil prices is a short-term blip. The longer-term trends depressing oil prices are intact

  • Biden to end US support for Saudi-led offensive in Yemen Feb 04, 2021 10:56 PM IST

    Biden to end US support for Saudi-led offensive in Yemen

    The move would fulfil a campaign pledge by Biden, whose administration plans to pursue diplomacy to end the overall conflict in Yemen.

  • Saudi Arabia bars entry from 20 countries, including India Feb 03, 2021 12:05 PM IST

    Saudi Arabia bars entry from 20 countries, including India

    The interior ministry announced the "temporary suspension" would be effective from 9.00 pm (1800 GMT) on Wednesday, according to the official Saudi Press Agency.

  • Saudi Crown Prince Mohammed bin Salman says Aramco will launch more share sales Jan 28, 2021 09:32 PM IST

    Saudi Crown Prince Mohammed bin Salman says Aramco will launch more share sales

    'There will be Aramco share offerings coming in the coming years, and this cash will be transferred to the Public Investment Fund,' said Prince Mohammed, speaking at the kingdom's Future Investment Initiative conference.

  • Energy sector hit by COVID-19, price stability crucial: Mukesh Ambani at Saudi's FII conference Jan 27, 2021 10:53 PM IST

    Energy sector hit by COVID-19, price stability crucial: Mukesh Ambani at Saudi's FII conference

    In his virtual address at Future Investment Initiative on January 27, RIL Chairman Mukesh Ambani said a consumer country, and he as a consumer, 'would like to dream about stability in prices'.

  • Blast shakes Riyadh three days after projectile intercepted Jan 26, 2021 05:35 PM IST

    Blast shakes Riyadh three days after projectile intercepted

    On Saturday, the Saudi-led coalition, which backs Yemen's internationally recognised government against the Huthis, said it had intercepted and destroyed a "hostile air target" heading towards Riyadh.

  • Saudi King Salman receives first dose of a coronavirus vaccine: SPA Jan 09, 2021 08:18 PM IST

    Saudi King Salman receives first dose of a coronavirus vaccine: SPA

    The agency posted two pictures and a short video that showed a medical staff injecting the king with the vaccine.

  • Is Saudi Arabia’s voluntary production cut an act of desperation? Jan 07, 2021 09:36 AM IST

    Is Saudi Arabia’s voluntary production cut an act of desperation?

    The production cut by Saudi Arabia also means that the country has not been able to convince the non-OPEC members to toe its line, thus exposing its waning influence in the group

  • Oil hits 11-month high after Saudi Arabia pledges voluntary output cut Jan 06, 2021 01:00 PM IST

    Oil hits 11-month high after Saudi Arabia pledges voluntary output cut

    Brent crude rose as much as nearly 1 percent to $54.09 a barrel, the highest since February 26, 2020. It was at $53.87 a barrel at 0536 GMT after jumping 4.9 percent on Tuesday.

  • Saudi Arabia reopens borders closed due to COVID-19 Jan 03, 2021 03:29 PM IST

    Saudi Arabia reopens borders closed due to COVID-19

    The government ordered the lifting of "precautionary measures related to the spread of a new variant of coronavirus", the Ministry of the Interior said, according to the official Saudi Press Agency.

  • Saudi activist who fought for women's right to drive is sentenced to prison Dec 29, 2020 03:07 PM IST

    Saudi activist who fought for women's right to drive is sentenced to prison

    Loujain Al-Hathloul was first arrested in May 2018 along with others who had pushed to end a ban on women driving.

  • Our investment plans in India on track, Indian economy has strength to bounce back: Saudi Arabia Dec 20, 2020 09:04 PM IST

    Our investment plans in India on track, Indian economy has strength to bounce back: Saudi Arabia

    In February last year, Saudi Crown Prince Mohammed bin Salman announced that Saudi Arabia would invest over $100 billion in India in petrochemicals, refining, infrastructure, mining and manufacturing, agriculture and several other sectors.

  • Explosives-laden boat hits fuel ship at Saudi port, ministry says Dec 14, 2020 09:03 PM IST

    Explosives-laden boat hits fuel ship at Saudi port, ministry says

    The Saudi energy ministry spokesman said the attack resulted in a small fire which emergency units extinguished, but that there was no damage to unloading facilities nor any effect on supplies.

  • Army Chief Naravane holds talks with top Saudi generals; discusses ways to enhance defence cooperation Dec 13, 2020 10:15 PM IST

    Army Chief Naravane holds talks with top Saudi generals; discusses ways to enhance defence cooperation

    Naravane visit is seen as a reflection of India's growing strategic ties with the two countries and is expected to further open up new avenues for cooperation in the defence and security sphere.

  • China bails out Pakistan, sanctions $1.5 billion loan for Saudi Arabia debt: Report Dec 13, 2020 03:08 PM IST

    China bails out Pakistan, sanctions $1.5 billion loan for Saudi Arabia debt: Report

    This loan has come by augmenting the size of 2011 bilateral Currency-Swap Agreement

  • Saudi Arabia raises official January crude price to Asia Dec 06, 2020 04:17 PM IST

    Saudi Arabia raises official January crude price to Asia

    Aramco also set the January OSP of its Arab light crude oil to the United States at plus $0.55 a barrel over ASCI (Argus Sour Crude Index), down $0.30 a barrel from December, according to the document.

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