India should use oil it purchased last year at cheaper rates: Saudi Arabia
Responding to a question on India's pleas, Saudi energy minister Prince Abdulaziz bin Salman at a press conference after the OPEC+ decision on Thursday (March 5) said New Delhi should take some of the crude out of storage that they had purchased at very cheap rates last year.
Mar 06, 2021, 13:06 PM IST
Gulf OPEC members seek to revive global oil output deal
Vienna: Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets on Thursday, a senior OPEC source said, but Iran signalled the country was not ready for any such pact.
Jun 01, 2016, 18:34 PM IST
OPEC price war in Asia intensifies as oil falls below $50
The United Arab Emirates (UAE) last week joined Kuwait and Iraq in pricing crude they sell to Asia below that of OPEC`s top producer Saudi Arabia.
Jan 12, 2015, 16:42 PM IST
