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‘OPEC+ decision to cut oil production favours Russia’; US fumes as oil prices soar

A major oil production cut announcement by OPEC+ countries pushed the global oil prices up by 6% in morning trade. Riyadh along with other major oil producers have announced to cut oil production by 500,000 barrels per day. The voluntary cuts announced by OPEC+ countries will come into effect from May but the markets reacted sharply to the news on Monday. The west Texas intermediate contract jumped 5.7% to 80 dollars a barrel and Brent jumped 5.67% to 84.4 dollars.The cuts announced by OPEC+ will remain in effect till the end of the year. Earlier, OPEC+ had slashed the oil production by two million barrels per day in October. This is the single biggest oil production cut since then.

3 Apr 2023
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Size of 20 Empire State buildings: Saudi Arabia’s new cube-shaped skyscraper ’The Mukaab’

Mukaab which means cube in Arabic is 400 meters in height, 400 meters in width, and 400 meters in length, and will be the largest inner city buildin

1 min read21 Feb 2023
News

India’s Haj quota restored to its pre-COVID level to 1,75,025 for this year

India’s Haj quota restored to its pre-COVID level after India signed the Haj 2023 bilateral agreement with Saudi Arabia last month

1 min read2 Feb 2023
News

Saudi manager blames Cristiano Ronaldo for Al-Nassr elimination; CR7 taunted with Messi chants

Cristiano Ronaldo had a couple of scoring opportunities during the semi-final game but was unable to take advantage of them.

1 min read28 Jan 2023
News

Saudi Arabia removes restrictions for Hajj pilgrims - Here’s what has changed

Saudi Arabia on Monday removed age restrictions for pilgrims. Minister of Hajj and Umrah Tawfiq Al-Rabiah also said that the number of people participating in this year’s Hajj will return to pre-pandemic levels.

1 min read10 Jan 2023
News

Did Saudi govt ‘infiltrate’ Wikipedia to ‘control content’? All you need to know

Activists allege that the Saudi administration infiltrated Wikipedia and arrested the two officials (in 2020) in a bid to control the contents of the site. They also recruited the organization’s highest-ranked administrators to serve as government agents.

1 min read6 Jan 2023
News

Saudi Arabia cuts oil prices for Asia and Europe as demand slows

State-controlled Saudi Aramco reduced prices for all types of crude that will be shipped to Asia in February

1 min read6 Jan 2023
News

Saudi Arabia asks citizens residing in Pakistan for caution, after US, Australia

TTP is allied with the Taliban, who seized power in neighbouring Afghanistan in August last year. The radical Islamic outfit has stepped up attacks since it announced the end of an Afghan Taliban-brokered ceasefire with the government in November

2 min read27 Dec 2022
News

For Saudi visa, Indians now don’t have to submit police clearance certificate

The Indians wouldn’t have to submit a police clearance certificate to obtain a visa for travelling to Saudi Arabia

1 min read17 Nov 2022
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In Photos: All new Audi Q3 SUV launched in India

2022 Audi Q3 has been launched in India at a starting price of ₹44.89 lakh for the Premium Plus variant and ₹50.39 lakh for Technology variant. (Both prices are ex-showroom)

30 Aug 2022
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