Saudi

BPCL will enter into a long-term deal of 15-20 years for supply of crude oil for the new refinery, if Saudi Arabia agrees to provide “good discounts” on purchase of oil for the refinery, said Vetsa Ramakrishna, Director- Finance, on the sidelines of India Energy Week 2025.

Oil price rises ahead of OPEC meet, but can the rally be sustained?

Regardless of OPEC+ decisions, the oil market will likely remain within a $15 range until the next disturbance pushes prices higher or lower

Pakistan PM Shehbaz Sharif set to visit Saudi Arabia to advance investment talks

According to The Express Tribune, in addition to the enticing prospects of harvesting rich dividends on investment, Pakistan has assured priority in profits to Saudi investors without any hindrances.

India vs Afghanistan l Indian Football team set for clash against Afghanistan in Saudi Arabia

In a historic development, the Indian men's football team will fly on a chartered plane to Abha, Saudi Arabia, for their 2026 FIFA World Cup qualifying round 2 match against Afghanistan on March 21. This decision follows concerns raised by coach Igor Stimac about logistical challenges, prompting AIFF President Kalyan Chaubey to take unprecedented action. Stimac highlighted the strenuous journey that would involve changing flights three times during a candid meeting with the AIFF chief.

Crude oil prices edge lower as fresh voluntary cuts by OPEC+ disappoint traders

The benchmark Brent crude, which had initially rallied on the news, slightly dipped at $82.83 a barrel, down 0.32 percent, on December 1, while West Texas Intermediate (WTI) fell 0.26 percent.

Forget China, the hot money in mining is suddenly Saudi

China has for years been the dominant buyer and a key source of funding, as it sought to secure supply for its rapid industrialization. But as tensions with the West have mounted, the mining industry is now facing increased pressure to look elsewhere.

Oil rallies on Saudi, Russian supply cuts for August

Saudi Arabia on Monday said it would extend its voluntary cut of one million barrels per day (bpd) for another month to include August, the state news agency said.

Here’s what Morgan Stanley to Goldman say about Saudi output cut

Here’s what leading analysts have to say about the kingdom’s move to go it alone with a 1 million barrel-a-day reduction.

Asian shares extend global rally; oil prices jump on Saudi cuts

Brent oil jumped $1.82, or 2.4%, to $77.95 a barrel, while U.S. crude climbed $1.77, or 2.4%, to $73.51. Oil prices have recently come under pressure amid heightened concerns about China's slowing economic recovery.

EV maker Lucid to raise $3 billion, mainly from Saudi's PIF

PIF, which owns more than 60% of the company, has agreed to buy 265.7 million shares in a private placement for about $1.8 billion, Lucid said, implying a price of about $6.80 per Lucid share, compared with the stock's Wednesday close of $7.76.

Saudi warns speculators of more pain as OPEC+ meeting looms

"Speculators, like in any market they are there to stay, I keep advising them that they will be ouching, they did ouch in April, I don't have to show my cards I'm not a poker player... but I would just tell them watch out," he told the Qatar Economic Forum organised by Bloomberg.

'Done deal': Messi set for megabucks Saudi move, says source

Messi will sign a "huge" deal with an as-yet-unnamed club, said the source, who is close to the negotiations that are taking place just months after the 35-year-old lifted the World Cup in Qatar.

Jaishankar speaks to Saudi, UAE foreign ministers over situation in Sudan

India is closely watching the situation in Sudan, especially in view of its concerns over the Indians residing in the African country.

Recession odds, inflation fears rise as US-Saudi oil pact breaks down

The Saudi-Russia oil alliance has the potential to cause all kinds of trouble for the US economy — and even for President Joe Biden’s re-election campaign. This month’s OPEC+ decision to cut crude output, for the second time since Biden flew to Saudi Arabia last summer seeking an increase, may be just the start.

Saudi, Iranian foreign ministers to meet during Muslim holy month

"During the call, a number of common issues were discussed in light of the tripartite agreement that was signed in the People's Republic of China. The two ministers also agreed to hold a bilateral meeting between them during the ongoing month of Ramadan," SPA said.

Saudi, UAE investors plan to invest in SpaceX

SpaceX raised $2 billion in 2022 and $2.6 billion in 2020, according to venture capital firm Space Capital.

Saudi-Iran pact: China takes a bow as mediator but the Riyadh-Tehran rivalry will persist

Irrespective of how the restoration of diplomatic relations between Saudi Arabia and Iran plays out amid their intense rivalry in West Asia, China’s role in mediating the secret talks lifts its international standing several notches higher

Xi Jinping calls for bigger role for China post-Saudi-Iran diplomatic coup; Vows to build military into a 'Great Wall of steel'

Speaking for the first time in his precedent-breaking third term as head of state, Xi called on the nation to uphold the leadership of the ruling Communist Party of China (CPC) headed by him.

Saudi unveils new airline to compete with Gulf rivals

The Gulf kingdom is pursuing ambitious aviation goals as part of Crown Prince Mohammed bin Salman's wide-ranging "Vision 2030" reform agenda, including more than tripling annual traffic to 330 million passengers by the end of the decade.

Japan minister signs clean energy cooperation document during Saudi visit

The two ministers also highlighted the need to ensure safe supplies from all energy sources to global markets and noted that the kingdom is "the largest dependable source" of crude oil supplies to Japan and "a reliable partner in this aspect" as well, SPA said.

Xi Jinping gets Saudi red carpet as Middle East looks past US

Xi will visit Saudi Arabia for several days starting Wednesday, during which he will take part in a regional summit with Saudi Crown Prince Mohammed bin Salman and other Arab leaders, the kingdom’s SPA state news agency said, promising agreements worth some $30 billion.

US-Saudi ties through good times and bad

Here are some milestones in ties

Saudi denies oil output hike discussion, says OPEC+ may cut if needed

The Wall Street Journal earlier on Monday reported an output increase of 500,000 barrels per day was under discussion for the next meeting of OPEC and its allies, known as OPEC+, on Dec. 4. The report cited unidentified OPEC delegates.

Indians no longer required to submit police clearance certificate for Saudi visa

According to a statement issued by the Saudi Embassy, the decision has been taken as part of efforts of the two countries to further strengthen relations.

Gulf KFC operator seeks up to $1.8 billion from Saudi, UAE IPO

The Public Investment Fund and Alabbar are selling 2.53 billion shares in Riyadh and Abu Dhabi in Americana Restaurants International Plc at 2.55 riyals ($0.68) to 2.68 riyals each, according to a statement on Monday. It’s set to be the biggest Saudi IPO this year and will value Americana at as much as $6 billion.