Russia-China fund seeks Chinese investors for Saudi Aramco IPO
Aramco kicked off its IPO on Sunday, announcing its intention to float on its domestic bourse in what could be the world`s biggest listing as the kingdom seeks to diversify its economy away from oil.
Nov 07, 2019, 19:42 PM IST
Saudi Arabia kick-starts IPO of world's largest oil company Aramco
Aramco did not give a time frame or say how much of the company it would sell, but sources have told Reuters the oil company could offer 1%-2% of its shares on the local bourse, raising as much $20 billion-$40 billion.
Nov 03, 2019, 14:37 PM IST
Oil prices rise as Saudi supply risks come into focus
Brent crude futures gained $1.44 to $65.04 a barrel by 0958 GMT, while US West Texas Intermediate crude was up 89 cents at $59 a barrel.
Sep 19, 2019, 16:26 PM IST
Saudi attacks raise spectre of oil at $100 per barrel
Attacks on two plants at the heart of the kingdom`s oil industry on Saturday knocked out more than half of Saudi crude output, or 5% of global supply.
Sep 18, 2019, 09:46 AM IST
2 major Saudi Arabia oil facilities ablaze after drone strikes
Drone attacks set alight two major oil facilities run by the state-owned company Aramco in Saudi Arabia on Saturday, the state media reported.
Sep 14, 2019, 13:05 PM IST
Saudi Arabia promises to fill gap created in supply of oil to India
US sanctions on Iran from first week of November could hit supplies to India but Energy Minister Khalid al-Falih calls Saudi Arabia a 'shock absorber.'
Oct 15, 2018, 18:40 PM IST
Oil wars: Know how Kremlin's $13 billion Indian deal almost fell apart
A multi-billion-dollar Russian deal to buy Indian refiner Essar was nearly sunk at the eleventh hour by a rival bid from Saudi Arabia as the two oil superpowers vie for supremacy across the world.
Nov 16, 2016, 09:01 AM IST
Saudi Arabia posts record budget deficit, to raise petrol prices by more than 50%
Saudi Arabia said Monday it was raising petrol prices by more than 50 percent for some products from Tuesday as it cuts a range of subsidies after posting a record budget deficit.
Dec 29, 2015, 00:29 AM IST
