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Latest Saudi Arabia OPEC News

  • Gasoline reaches $4 per gallon in Yuba City 16 May 2008 08:17 GMT
    ... Gas prices hit the $4-per-gallon mark Thursday in Yuba City, fueling motorists' frustration over an ... that is growing faster than production from non-OPEC countries. China, Russia, Brazil, India and a ...

  • More bad news for Crystallex and Gold Reserve 16 May 2008 08:15 GMT
    ... HOME > GOLD NEWS More bad news for Crystallex and Gold Reserve Author: Ana Isabel Martinez Posted: ... revising all its mining and timber concessions. OPEC member Venezuela is one of the world's ...

  • Venezuela offers $365 mln for aid to poor 16 May 2008 08:10 GMT
    ... (Refiling to change word in second paragraph) (Adds Chavez comment, funding detail) CARACAS, May 15 ... offered to spend $365 million of the OPEC nation's record oil income per year on ...

  • Bush seeking Saudis' help on oil prices 16 May 2008 08:00 GMT
    ... WASHINGTON — In April 1986, Vice President George H.W. Bush traveled to Saudi Arabia with ... the world's oil comes from the cartel OPEC, member countries have little incentive to reduce ...

  • OPEC trims forecast for global oil demand 16 May 2008 07:52 GMT
    ... OPEC trims forecast for global oil demand Web ... OPEC to increase oil output. But the Organization of the Petroleum Exporting Countries says factors like the weakness of the ...

  • President Bush heads to Saudi Arabia to seek help for soaring gas prices at home 16 May 2008 07:52 GMT
    ... The White House said Thursday that the president's Saudi visit — intended in part to ... have a significant effect. "U.S. influence over OPEC and Gulf oil production is diminished," he ...

  • Opec trims oil demand forecast; price drops $3 16 May 2008 07:19 GMT
    ... Opec trims oil demand forecast; price drops $3 ... Opec to increase oil output. But the Organisation of the Petroleum Exporting Countries says factors like the weakness of the ...

  • Soaring cost, manpower crunch hurt Mideast oil projects 16 May 2008 07:19 GMT
    ... Soaring cost, manpower crunch hurt Mideast oil projects Published: Friday, 16 May, 2008, 01:43 AM ... over are increasingly a threat to core Opec producers battling to increase their oil output. ... Saudi Arabia, the other member of the Organisation of the Petroleum Exporting Countries (Opec) capable of increasing its output quickly ...

  • Ecuador leader says OPEC should mull higher output 16 May 2008 07:19 GMT
    ... Oil cartel OPEC should consider raising output because record high prices are hurting poor nations, Ecuadorean President ...

  • Oil prices slightly down after fluctuation 16 May 2008 07:18 GMT
    ... NEW YORK, May 15 (Xinhua) -- Crude futures moved slightly down Thursday after fluctuating between 120 and ... prices retreated and stabled around 124 dollars. OPEC cut its 2008 global oil demand forecast ...

  • Bush wraps up 2-day Israel visit 16 May 2008 07:17 GMT
    ... President Bush, first lady Laura Bush, Israeli Prime Minister Ehud Olmert, and his wife Aliza, ... have a significant effect. "U.S. influence over OPEC and Gulf oil production is diminished," he ...

  • Kuwait to hold parliamentary election 16 May 2008 07:16 GMT
    ... Kuwaiti candidate Fatima al-Abdali speaks during an election campaign in Kuwait City on May ... Kuwait City on May 5, 2008. Wealthy OPEC member Kuwait holds a parliamentary election on ...

  • Bush, Saudis to discuss soaring gas prices 16 May 2008 06:59 GMT
    ... In this photo released by the Israeli Government Press Office, U.S. President George W. Bush, rides ... have a significant effect. "U.S. influence over OPEC and Gulf oil production is diminished," he ...

  • Oil prices higher in Asian trade amid tight global supply 16 May 2008 06:59 GMT
    ... Oil prices higher in Asian trade amid tight global supply SINGAPORE (Thomson Financial) - World oil ... weakness, supply growth is also not there. OPEC continues to restrain supply and production in ...

  • Our Fighting Women in Uniform 16 May 2008 06:55 GMT
    ... THEN THERE'S HIS FRIEND? Re: Quin Hillyer's : Quin, I agree with everything that you accuse ... oil to make us less dependent on OPEC is unbelievably short sighted. Now you have ...

  • Energy's Prevailing Winds 16 May 2008 06:55 GMT
    ... This interview appears in the May 2008 issue of The American Spectator . To subscribe to our ... When activity would start up some place, OPEC would just provide more oil and drop ...

  • When does economics ever solve any problems. It's just an attempt to ... 16 May 2008 06:55 GMT
    ... On CNBC today were some interesting comments from experts in regards to today’s high oil ... In other words, there is little than OPEC can do to bring down the price ...

  • Oil is finite. When it "runs out" is immaterial. The fact is that t ... 16 May 2008 06:55 GMT
    ... On CNBC today were some interesting comments from experts in regards to today’s high oil ... In other words, there is little than OPEC can do to bring down the price ...

  • Bush, Saudis to discuss soaring gas prices 16 May 2008 06:55 GMT
    ... JERUSALEM (AP) -- President Bush is putting the finishing touch on his celebrate-and-be-celebrated Israel stay, leaving ... have a significant effect. "U.S. influence over OPEC and Gulf oil production is diminished," he ...

  • Oil near $125 on heating oil supply strain 16 May 2008 06:39 GMT
    ... Oil near $125 on heating oil supply strain SINGAPORE -- Oil rebounded to near $125 a ... to contain Iran's growing regional clout. However, OPEC reiterated that prices had more to do ...

  • Oil prices higher in Asian trade 16 May 2008 06:39 GMT
    ... SINGAPORE -- World oil prices rose in Asian trade Friday amid tight global supplies and as ... weakness, supply growth is also not there. OPEC continues to restrain supply and production in ...

  • World faces choice between higher energy, food costs: experts 16 May 2008 06:39 GMT
    ... World faces choice between higher energy, food costs: experts Is it really a choice between ... substantial portion of the fuel produced in non-OPEC countries, so governments, businesses and individuals must ... oil production by countries outside of the Organisation of the Petroleum Exporting Countries (OPEC) cartel came from biofuels and this ...

  • Virginia must have a modern rail system 16 May 2008 06:38 GMT
    ... Virginia must have a modern rail system Virginia must have a modern rail system Michael Abraham ... comes from the ground, ("Don't surrender to OPEC," May 10 letter). I indeed remember as ...

  • Oil prices higher in Asian trade amid tight global supply 16 May 2008 06:38 GMT
    ... In early afternoon trade, New York's main oil futures contract, light sweet crude for June delivery, ... weakness, supply growth is also not there. OPEC continues to restrain supply and production in ...

  • Why the Oil Price Will Correct Itself 16 May 2008 06:36 GMT
    ... Yesterday, we mentioned the oil market. Today, we slide in deeper. You'll recall, dear reader, ... usage, new discoveries, distilling capacity, storage facilities, OPEC policy, inflation, drilling technology, emerging market developments, ...


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