Tag Archives: Livemint

Indian state refiners are planning to cut oil imports from Saudi Arabia by about a quarter in May, in an escalating stand-off with Riyadh following OPEC’s decision to ignore calls from New Delhi to help the global economy with higher supply. Two sources familiar with the discussions said the move …

If prices for the commodity average $65 a barrel and all else is equal, borrowing needs for the six countries comprising the council would drop 96% from what they’d be if oil traded at $45, an economist writes The Gulf Cooperation Council’s borrowing requirements could drop to $10 billion over …

Saudi Aramco describes its Abqaiq oil processing facility there as ".the largest crude oil stabilization plant in the world.".

High oil prices have been a pervasive concern for India.

Over the next seven year the government plans to build another 11 terminals which would raise India’s LNG import capacity.

Demand from new buyers is also supporting LNG prices in the region.