EIN News: Saudi Arabia OPEC News

Process of dialogue must continue

25 Jul 2008 00:50 GMT

... is what, despite calls to the contrary, Saudi Arabia has been insisting at the highest ... current Monthly Oil Report (MOR), blaming the OPEC for the current predicament of the markets, ...

Oil price slips as demand subsides ' is this the end of the boom?

24 Jul 2008 19:22 GMT

... More oil is on the way from Saudi Arabia and more is likely to come ... following tax cuts for oil producers. Indeed, Opec capacity additions are likely to average two ...

Study: Saudi oil exports may start falling in 2014

24 Jul 2008 17:39 GMT

... Saudi Arabia's oil exports may start to fall in 2014 after it reaches maximum production ...

Protectionism goes into reverse

24 Jul 2008 10:56 GMT

... and the importers pay a higher price. OPEC was established when certain conditions, which we ... of food and avoid future high prices. Saudi Arabia and the United Arab Emirates (UAE) ...

As oil price rose, exporters cut shipments

24 Jul 2008 08:57 GMT

... fueled a boom in oil demand inside Saudi Arabia and across the Middle East, leaving ... a greater role. Three of the four non-OPEC players among the top 15 oil exporters ...

Tell Willie: 7/24/08

24 Jul 2008 08:32 GMT

... got to do with the current price? And what really gets me is that OPEC and the big oil companies met in Saudi Arabia to try to figure out why oil is so expensive and came up ...

OPEC Crude Output Rises To 32.47 Million Barrels Per Day In June

24 Jul 2008 07:32 GMT

... OPEC Crude Output Rises To 32.47 Million Barrels ... and oil industry officials. Higher volumes from Saudi Arabia accounted for almost all of the ...

The myth that pushes oil prices up plays into the hands of speculators

24 Jul 2008 06:31 GMT

... with exploration -- a figure which matches Saudi reserves, the world's biggest," he says. "It ... World Energy shows that the four biggest OPEC countries have around 618 billion barrels of ...

Choose pragmatism over idealism

24 Jul 2008 00:55 GMT

... provides greater national security than relying on Saudi Arabia. Almost all of the America's Outer ... on the Continental Shelf and in Alaska, OPEC will see that it's losing its "golden ...

Texas Oil Tycoon Urges US to Reduce Dependence on Foreign Oil

23 Jul 2008 22:16 GMT

... under the control of Russia, Iran, Qatar, Saudi Arabia, and the United Arab Emirates, and ... natural gas cartel that will rival the Organization of the Petroleum Exporting Countries, or OPEC. "This is a spectacularly bad idea for ...

UAE, Bahrain petchem co sign carbon capture deal

23 Jul 2008 13:32 GMT

... the forefront of the future energy industry. OPEC-member the UAE is the world's fifth-largest oil ... petrochemicals and fertiliser, owned by Bahrain's government, Saudi Basic Industries Corp <2010.SE> and Kuwait's Petrochemical ...

Many factors set oil prices

23 Jul 2008 11:28 GMT

... not set the price per barrel, with OPEC no longer having full control. Smaller price ... greatest wealth (outside of China, of course)? Saudi Arabia, Venezuela and even Russia stand out ...

Nationalize oil, use revenue to develop clean power

23 Jul 2008 08:07 GMT

... it's oil. Russia is second only to Saudi Arabia in production. Saudi Arabia also possesses ... United Arab Emirates, Kuwait and most other OPEC members. Witness Dubai to see what oil ...

Food, housing drive record Kuwait inflation

23 Jul 2008 07:13 GMT

... in May, while in top oil exporter Saudi Arabia, prices rose at a more than ... newspaper reported yesterday, citing government sources. The Opec oil producer wants to diversify its economy ...

Feeling Powerless, India Blames Oil Speculation

23 Jul 2008 05:26 GMT

... rely on petroleum imports, much like the Organization of the Petroleum Exporting Countries represents producers. This group could sit across ... idea at an energy meeting in Jeddah, Saudi Arabia, in June, and he acknowledged that ... are not unprecedented in the commodity markets. OPEC set up an informal price band after ...