Aramco is more than 98 per cent owned by the Saudi government
This comes after a tumultuous year led to major spending reductions.
Oil prices increase, bullish demand outlook offsets India concerns
Reliance is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm
OPEC is responsible for over a third of global production
Brent crude was up 40 cents, or 0.6%, at $66.05 a barrel by 0658 GMT
Petrol and diesel prices were unchanged across the four metros
Oil companies looking to raise the retail price of the two auto fuels between Rs 2 and Rs 3 per litre in phases
Private and public sector firms produced less
U.S. crude stockpiles are expected to drop by 2.9 million barrels in weekly reports.
Brent crude was down 17 cents
Brent crude futures rose 30 cents
Global oil demand and supply are set to be rebalanced in the second half of this year
The dollar hit three-week lows on Wednesday, making crude cheaper for countries using other currencies.
ONGC on Monday invited bids for the sale of initial 2 million standard cubic meters per day of gas from its KG basin fields
Officials from many new entrants to India's upstream oil and gas exploration sector point fingers towards delays in clearances and faulty data
Oil prices climb on favourable outlook for United States fuel demand
Consortium of investors led by US-based group buys 49% stake in newly formed venture
Natural gas production remains a loss-making proposition for most fields for the Indian upstream producers
The demerger scheme provides for transfer of O2C Undertaking from RIL to transferee firm on a slump-sale basis for a lumpsum consideration