Saudi Arabia Cuts November Oil Prices for Asia as Hormuz Flows Recover
Saudi Arabia has unexpectedly cut the official selling price of its flagship Arab Light crude for Asian buyers in November, as oil flows through the...
Tag : Saudi Arabia
Saudi Pipeline Shutdown Puts Asian Oil Supply at Risk
Saudi Arabia’s East-West pipeline shutdown is squeezing crude oil supply for Asia’s biggest importers, with South Korea most exposed. Saudi Arabia’s East-West pipeline, a major...
Saudi, South Korean Oil Tankers Hit in Strait of Hormuz
Two oil tankers carrying crude out of the Gulf were hit in the Strait of Hormuz on Monday night, raising fresh concerns over energy supplies...
Turkey, Saudi Arabia and Pakistan Set to Sign Joint Defence Pact
Turkey, Saudi Arabia and Pakistan are set to sign a joint defence agreement, marking a major development in regional security cooperation as tensions surrounding the...
Saudi Arabia’s Economy Shrinks 4.8% as Oil Slump and West Asia Conflict Hit Growth
Saudi Arabia’s economy contracted 4.8% year-on-year in the second quarter of 2026, marking its sharpest decline since the Covid-19 pandemic. The setback was mainly driven...
Saudi Crude Tankers for India Go ‘Dark’ in Red Sea Amid Houthi Blockade
Two tankers carrying Saudi crude for Indian refiners have switched off their tracking systems while sailing through the Red Sea, highlighting the growing shipping risks...
KEC International Trade 1% Higher on Rs 1,083 Crore Order
Shares of KEC International Ltd were trading in the green and 1% higher on 16 October after the company announced receiving a new order for...
Nvidia to Supply 18,000 AI Chips to Saudi Arabia
US chipmaker Nvidia will supply 18,000 advanced AI chips to Saudi Arabia’s Humain, an AI startup backed by the country’s sovereign wealth fund. The chips...
India, Saudi Arabia Set to Sign Six Pacts; Modi to Discuss Hajj Quota with Crown Prince
India and Saudi Arabia are expected to sign at least six memoranda of understanding (MoUs) today during Prime Minister Narendra Modi’s visit to Jeddah. According...
Larsen and Toubro Shares Gain 1% on Order from Saudi Arabia
Shares of Larsen and Toubro (L&T) were trading in the green and 1% higher on Thursday, 13 March, after the company’s water and wastewater treatment...