India’s poll politics and Prime Minister Narendra Modi’s ambition to win a second straight term has claimed an unlikely victim.
The oil glut between 2014 and late 2016 created a huge oil windfall for India, which benefited the Narendra Modi government in terms of fuel tax. As oil prices slumped to as low as $27 a barrel, it gave the government
Evidence is mounting that Saudi Arabia is heeding US President Donald Trump’s call for OPEC to keep the oil market amply supplied and rein in prices.
The stock market flotation of Saudi Arabia’s state oil company is likely to be delayed until next year, according to the country’s energy minister, confirming mounting speculation that the world’s biggest IPO was running behind schedule.
Prime Minister Narendra Modi has an oil problem. And it’s set to worsen with Saudi Arabia rooting for the commodity to push through the $80 barrier.
U.S. Energy Secretary Rick Perry told oil super-powers Russia and Saudi Arabia he believed U.S. shale oil boom would not become a spoiler for oil markets because new production would be absorbed by fast rising global demand.
We may never fully know what lies behind Crown Prince Mohammed bin Salman’s decision to arrest more than 200 Saudi citizens, including 11 princes and four government ministers, on corruption charges, just as tensions with Iran are escalating.
Will the decision of Saudi Arabia and six other Gulf nations to severe ties with Qatar impact the domestic economy or Dalal Street?
Iraq replaced Saudi Arabia as top crude supplier to India in April as refiners moved to boost their processing margins by purchasing the cheaper Basra Heavy oil grade, ship tracking and Thomson Reuters trade flow data showed.
Saudi Energy Minister Khalid al-Falih said on Friday that it was important to try and agree on an extension of a global oil cuts deal into the second half of the year.