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NEW DELHI: Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted. Brent crude futures were up $1.96, or 2.07 percent, at $96.71 a barrel at 06:25 a.m. Saudi time, while US West Texas Intermediate crude rose $2.60, or 2.75 percent, to $97.01 a barrel. However, analysts said market participants are hesitant to fully unwind pricing for geopolitical risk, and there is no clar ...Read More >
RIYADH: Indian companies and business groups are stepping up efforts to tap into Saudi Arabia's growing petrochemical sector, with a focus on refining complexes, technology partnerships, and joint ventures, according to an official at the Indian Embassy in Riyadh. The move underscores the expanding economic cooperation between the two nations, with chemicals and petrochemicals forming a key pillar of bilateral trade. The partnership was further reinforced during a recent high-level meeting aime ...Read More >
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