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Latest Saudi Arabia Oil & Gas News

  • Summer travel costs 16 May 2008 04:58 GMT
    ... Bush in a move to put more oil on the market. Senate Democrats and Republicans ... from filling America's backup tank: The Strategic Petroleum Reserve. "When consumers are being burned at ... for the President to withhold arms from Saudi Arabia unless they produce more oil. He's ...

  • Maverick oilman Pickens puts $2B bet on wind power 16 May 2008 04:57 GMT
    ... gaining more interest as the cost of oil keeps breaking records. Oil prices hit a trading ... his fortune hunting for oil and natural gas, said that developing alternative energy projects is ... sold its struggling plastics business to a Saudi Arabian company for $11.6 billion. While GE ...

  • NGO Monitor's 2007 Report on HRW: Bias and Double Standards Continue 16 May 2008 04:57 GMT
    ... in Zimbabwe. Israel, Egypt, Iran, Iraq, and Saudi Arabia are also included in this report, ... of Nagorno Karabakh and Armenia described in gas, oil and grain-necessary for the basic human needs of civilians ...

  • 'The Saudi Arabia of fertilizer'. 16 May 2008 04:57 GMT
    ... billion and the earth warms. Increasingly, as oil supplies tighten and prices rise, we're looking to ... looking to industrial ag to fill our gas tanks, too. Unhappily, this relatively new form ... to call [Potash Corporation of Saskatchewan] the Saudi Arabia of the "other OPEC" -- Organization ...

  • With Oil, Uranium and Gold, There's Nothing Crazy About This Canadian Loonie Tune 16 May 2008 04:56 GMT
    ... indeed, and for two reasons: It has oil reserves – somewhat larger than the Middle East ... four times the current proven reserves of Saudi Arabia. More important, Canada is a lot ... per barrel, which in times of low oil prices is not competitive with Middle East production ...

  • H. Wilson Sundt, ex-CEO of global construction firm, dies 16 May 2008 04:47 GMT
    ... $750 million building communities for Arabian American Oil Co. workers in Saudi Arabia; and the U.S. Embassy in Moscow. ... Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, ...

  • U.S. congress votes to stop stockpiling oil 16 May 2008 04:47 GMT
    ... U.S. congress votes to stop stockpiling oil Groping for a quick response to rising ... of oil a day in the Strategic Petroleum Reserve through the remainder of this year; ... senators also sought to put pressure on Saudi Arabia, where Bush will be visiting this ...

  • Oil rises in Asia after overnight options expiry plays havoc with prices 16 May 2008 04:04 GMT
    ... and the broader market was boosted... With oil prices hitting new records, US President Bush is ... US President Bush is expected to press Saudi Arabia to increase output. Billionaire Carl Icahn ... in choppy fashion as comments from Federal Reserve chief Ben Bernanke did little to offset ...

  • UN: World economy "teetering on brink" of downturn and will only grow by 1.8 percent this year 16 May 2008 02:59 GMT
    ... and the broader market was boosted... With oil prices hitting new records, US President Bush is ... US President Bush is expected to press Saudi Arabia to increase output. Billionaire Carl Icahn ... in choppy fashion as comments from Federal Reserve chief Ben Bernanke did little to offset ...

  • Oilman Pickens Puts Big Bet On Wind Power 16 May 2008 02:31 GMT
    ... gaining more interest as the cost of oil keeps breaking records. Oil prices hit a trading ... his fortune hunting for oil and natural gas, said that developing alternative energy projects is ... sold its struggling plastics business to a Saudi Arabian company for $11.6 billion. While GE ...

  • Carlos Slim says he's not planning to buy Spain's Digital Plus 16 May 2008 02:15 GMT
    ... and the broader market was boosted... With oil prices hitting new records, US President Bush is ... US President Bush is expected to press Saudi Arabia to increase output. Billionaire Carl Icahn ... in choppy fashion as comments from Federal Reserve chief Ben Bernanke did little to offset ...

  • Maverick Oilman Pickens Puts Big Bet On Wind Power 16 May 2008 02:15 GMT
    ... gaining more interest as the cost of oil keeps breaking records. Oil prices hit a trading ... his fortune hunting for oil and natural gas, said that developing alternative energy projects is ... sold its struggling plastics business to a Saudi Arabian company for $11.6 billion. While GE ...

  • Carlsberg launches rights issue 16 May 2008 02:07 GMT
    ... and the broader market was boosted... With oil prices hitting new records, US President Bush is ... US President Bush is expected to press Saudi Arabia to increase output. Billionaire Carl Icahn ... in choppy fashion as comments from Federal Reserve chief Ben Bernanke did little to offset ...

  • Bush to talk oil with Saudis 16 May 2008 02:05 GMT
    ... Copyright © 2008 Reuters Limited. All rights reserved. Republication or redissemination of the contents of this screen are expressly prohibited without the ...

  • Cruise ship company agrees to pay settlement to former workers 16 May 2008 01:15 GMT
    ... and the broader market was boosted... With oil prices hitting new records, US President Bush is ... US President Bush is expected to press Saudi Arabia to increase output. Billionaire Carl Icahn ... in choppy fashion as comments from Federal Reserve chief Ben Bernanke did little to offset ...

  • Japan reports 3.3 percent annual pace economic growth for first quarter 16 May 2008 00:38 GMT
    ... and the broader market was boosted... With oil prices hitting new records, US President Bush is ... US President Bush is expected to press Saudi Arabia to increase output. Billionaire Carl Icahn ... in choppy fashion as comments from Federal Reserve chief Ben Bernanke did little to offset ...

  • Oil slips on natural gas stock buildup, profit-taking 16 May 2008 00:38 GMT
    ... Oil slips on natural gas stock buildup, profit-taking ... the global credit crunch. The Organization of Petroleum Exporting Countries has rebuffed repeated calls from ... Ali al-Naimi, oil minister of OPEC kingpin Saudi Arabia, said on Thursday, according to the ...

  • Like father, like son: Bush pleads for Saudi help, but world oil market has changed 16 May 2008 00:30 GMT
    ... Like father, like son: Bush pleads for Saudi help, but world oil market has changed By Kevin G. Hall ... for development suggest there's still plenty of petroleum beneath the Earth. But the rising costs ...

  • Red Bull Trial Bike World Champion Ends Tour 16 May 2008 00:17 GMT
    ... tour of Jeddah and other parts of Saudi Arabia the other day. Kenny, a 25-yar-old ... of students of King Fahd university for Petroleum and Minerals, Prince Mohammad bin Fahd University ...

  • IFC and StanChart deal seeks to boost microfinancing 16 May 2008 00:16 GMT
    ... and the broader market was boosted... With oil prices hitting new records, US President Bush is ... US President Bush is expected to press Saudi Arabia to increase output. Billionaire Carl Icahn ... in choppy fashion as comments from Federal Reserve chief Ben Bernanke did little to offset ...

  • King to Attend Aramco Jubilee Celebrations 16 May 2008 00:13 GMT
    ... Eastern Province, during which he will attend Saudi Aramco’s 75th anniversary celebrations, press reports said ... Qatif, it added. Saudi Aramco, the Kingdom’s oil giant, plans to hold a series of ... world economy,” said Ali Al-Naimi, minister of petroleum and mineral resources and chairman of the ...

  • Oil prices slightly down after fluctuation 15 May 2008 23:37 GMT
    ... to 120.75 dollars later during the day. Oil prices opened high Thursday morning as European Union's ... Department said in a report that natural gas supplies rose 93 billion cubic feet last ... prices, rather than a shortage of supply, Saudi Arabia's Oil Minister Ali al-Naimi said in ...

  • Lockheed Martin beats out Boeing to win $3.57 billion Air Force contract for GPS satellites 15 May 2008 23:37 GMT
    ... and the broader market was boosted... With oil prices hitting new records, US President Bush is ... US President Bush is expected to press Saudi Arabia to increase output. Billionaire Carl Icahn ... in choppy fashion as comments from Federal Reserve chief Ben Bernanke did little to offset ...

  • OPEC cuts oil demand forecast 15 May 2008 23:36 GMT
    ... levels before a scheduled meeting in September. Turmoil in global financial markets is to blame ... prices, rather than a shortage of supply, Saudi Arabia's Oil Minister Ali al-Naimi said today ... same period a year earlier, the American Petroleum Institute said. Gasoline consumption is down 0.3 ...

  • Sanofi-Aventis wants U.S. to reconsider heart drug 15 May 2008 23:36 GMT
    ... and the broader market was boosted... With oil prices hitting new records, US President Bush is ... US President Bush is expected to press Saudi Arabia to increase output. Billionaire Carl Icahn ... in choppy fashion as comments from Federal Reserve chief Ben Bernanke did little to offset ...


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