The oil ministers of Saudi Arabia and India will meet on Saturday, Reuters quoted India’s Oil Minister Dharmendra Pradhan as saying on Friday. Although the Indian minister did not go into specifics about the meeting, it’s probably safe to assume that Khalid al-Falih, the oil minister of OPEC’s biggest producer Saudi Arabia, and Pradhan, the oil minister of one of the fastest-growing oil demand countries, will discuss oil supplies and/or investments. Saudi Arabia is currently India’s second-largest oil supplier after Iraq and it has just pledged to invest US$100 billion in India’s energy sector in its continued efforts to lock in future demand for its oil on the fastest-growing Asian markets. In June last year, Saudi oil giant Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) signed a framework agreement and a memorandum of understanding with a consortium of Indian national oil companies to join a mega […]