Petrochemical companies may see feedstock supply crunch, margin pressure
The supply itself would be a challenge for Asian countries, especially India, which are structurally short of the fuel. Saudi Aramco is the third largest Middle Eastern supplier to the region.
Petrol price jumps by Rs 1.59/litre, diesel by Rs 1.31/litre after Saudi attacks
Petrol price was on Sunday hiked by 27 paise to Rs 73.62 a l...
China opposes action against Iran after attacks on Saudi oil fields
Iran has denied involvement in the air attacks, which were claimed by Ira...
Saudi assures India to meet all oil supply commitments
Pradhan spoke to his Saudi counterpart on phone to discuss its supply plan in the aftermath of a massive attack on the Kingdom's crude oil facilities.
Saudi Oil Min assures Pradhan of meeting all supply commitments
India buys some 200,000 tonnes of LPG every month from Saudi Arabia.
Indian NSA visits UAE as a special gesture following demise of royal family member
He met Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed MBZ and personally offered condolences on death of his uncle Sheikh Suhail bin Mubarak Al Ketbi on behalf of PM Modi .
Pakistani medics with MS, MD degrees sacked in Saudi Arabia
After the kingdom's move, Qatar, the United Arab Emirates (UAE) and Bahrain also took the similar step, according to the report.
No change in petrol, diesel prices
Crude prices in the international markets, however, rose owing to reports of decrease in oil reserved in the US.
Iran not disappointed with India for not importing oil from Tehran: Jaishankar
The US re-imposed sanctions on Iran last November, after Trump pulled out of the landmark 2015 Iran nuclear deal.
Petrol, diesel prices see steepest hike since July 5
Petrol price was increased by 25 paise per litre to Rs 72.42 and diesel by 24 paise to Rs 65.82 in the Delhi market.
Sameer Narayan on why it may be time to sell FMCG biggies
Trading returns are good, valuations are expensive and growth outlook is not that great.
Too early to assess impact of current oil price rise on airfares, say experts
Crude prices have jumped after drone attacks on two oil facilities in Saudi Arabia, which accounts for around 10 per cent of the global oil production.
Saudi Arabia to regain India's top oil supplier spot after Reliance deal
Saudi Arabia, which traditionally has been India's top oil source, lost the slot to Iraq during the last two financial years.
Crude oil can top $80; speed of recovery by Saudis will be key
Consumers in both North East Asia and India hold adequate reserves to cover any shortages.
Air India's monthly fuel bill might spike by Rs 50 cr on higher oil prices: Official
According to the official, the bill could go up by at least Rs 50 crore if the oil prices jump 10 per cent from USD 60 per barrel level on a sustained basis.
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