saudi aramco

It’s now been over 2 years since talk of Aramco picking up a 20% stake in Reliance O2C business surfaced. But nothing has happened since then, except for a few murmurs. Aramco chairman is also on board of Reliance now, so it seems like a deal is in the offing. However, this may not play out for...

Back in March, India instructed oil companies to lower their dependence on Saudi Oil, and to look at other sources. This came about because Saudis refused to increase supply to lower global prices. This move by India was quite a major problem for the Saudis. Because India is the second largest...