Saudi Oil

Saudi Arabia's de facto ruler pledged more than $1 billion for new environmental initiatives on Monday, taking further steps to bolster environmental credentials of the world's top oil exporter.

Saudi Arabia's crown prince said on Saturday that the world's top oil exporter aims to reach "net zero" emissions of greenhouse gases, mostly produced by burning fossil fuels, by 2060 - 10 years later than the United States.

Saudi Arabia's crown prince said on Saturday that the world's top oil exporter aims to reach zero-net emissions by 2060 and more than double its annual target to reduce carbon emissions.

India has told Saudi Arabia and other OPEC nations that high oil prices will hurt the nascent economic recovery

India, the world's third-largest energy consumer, has told Saudi Arabia and other OPEC nations that high oil prices will hurt the nascent economic recovery the world is witnessing after the devastating pandemic and that they have to price oil at reas

The discussions focused "on strengthening bilateral energy partnership and developments in the global energy markets," he said.

Saudi Arabia and the United Arab Emirates cranked up the tension in their OPEC standoff as the rare diplomatic spat between long-time allies leaves the global economy guessing how much oil it will get next month.

Saudi Arabia's Crown Prince Mohammed bin Salman announced plans on Tuesday to launch a second national airline as part of a broader strategy to turn the kingdom into a global logistics hub as it seeks to diversify from oil.

Earlier this year New Delhi repeatedly blamed oil output cuts by Saudi Arabia and other major producers for driving up crude prices as its economy tries to recover from the pandemic.

Mukesh Ambani said Saudi Aramco chief's presence on RIL board is the beginning of 'internationalisation of Reliance.'

Yemen's Iran-aligned Houthi group on Thursday said its forces had launched 12 ballistic missiles and drones towards a site belonging to the Saudi state oil company Saudi Aramco, Najran airport and other targets in Najran, in southern Saudi Arabia.

India urged refiners to diversify crude sources to cut reliance on the Middle East and directed them to reduce intake of Saudi oil. The refiners cut purchases by over a third in May.

On the face of it, no country has more to lose from the transition away from fossil fuels than Saudi Arabia. Before the discovery of oil, it barely existed as a nation.

The refiners - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd - normally buy 14.8 million barrels of Saudi oil a month.

The move follows the Indian government's call to cut dependence on crude from the Middle East in an escalating stand-off between India, the world's third-largest crude importer, and Saudi Arabia.

Saudi Arabia's de facto ruler pledged more than $1 billion for new environmental initiatives on Monday, taking further steps to bolster environmental credentials of the world's top oil exporter.

Saudi Arabia's crown prince said on Saturday that the world's top oil exporter aims to reach "net zero" emissions of greenhouse gases, mostly produced by burning fossil fuels, by 2060 - 10 years later than the United States.

Saudi Arabia's crown prince said on Saturday that the world's top oil exporter aims to reach zero-net emissions by 2060 and more than double its annual target to reduce carbon emissions.

India has told Saudi Arabia and other OPEC nations that high oil prices will hurt the nascent economic recovery

India, the world's third-largest energy consumer, has told Saudi Arabia and other OPEC nations that high oil prices will hurt the nascent economic recovery the world is witnessing after the devastating pandemic and that they have to price oil at reas

The discussions focused "on strengthening bilateral energy partnership and developments in the global energy markets," he said.

Saudi Arabia and the United Arab Emirates cranked up the tension in their OPEC standoff as the rare diplomatic spat between long-time allies leaves the global economy guessing how much oil it will get next month.

Saudi Arabia's Crown Prince Mohammed bin Salman announced plans on Tuesday to launch a second national airline as part of a broader strategy to turn the kingdom into a global logistics hub as it seeks to diversify from oil.

Earlier this year New Delhi repeatedly blamed oil output cuts by Saudi Arabia and other major producers for driving up crude prices as its economy tries to recover from the pandemic.

Mukesh Ambani said Saudi Aramco chief's presence on RIL board is the beginning of 'internationalisation of Reliance.'

Yemen's Iran-aligned Houthi group on Thursday said its forces had launched 12 ballistic missiles and drones towards a site belonging to the Saudi state oil company Saudi Aramco, Najran airport and other targets in Najran, in southern Saudi Arabia.

India urged refiners to diversify crude sources to cut reliance on the Middle East and directed them to reduce intake of Saudi oil. The refiners cut purchases by over a third in May.

On the face of it, no country has more to lose from the transition away from fossil fuels than Saudi Arabia. Before the discovery of oil, it barely existed as a nation.

The refiners - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd - normally buy 14.8 million barrels of Saudi oil a month.

The move follows the Indian government's call to cut dependence on crude from the Middle East in an escalating stand-off between India, the world's third-largest crude importer, and Saudi Arabia.