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Saudi Arabia OPEC News. Service for global professionals. Constantly updated news and information about Saudi Arabia.
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  • Saudi King named most powerful person in energy by Forbes 15 Nov 2009 07:01 GMT
    ... Saudi King named most powerful person in energy by Forbes Saudi Arabia's king Abdullah bin Abdulaziz ... call for USD 75 oil--meaning the 12 OPEC (Organization of Petroleum Exporting Countries) nations would ...

  • Key players on Copenhagen 15 Nov 2009 08:11 GMT
    ... all serious "We are among the most economically vulnerable countries." Mohammad S. Al Sabban, Saudi Arabia's lead negotiator 8/10/09 Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE Opec and Saudi Arabia seeking financial aid for oil-producers if new agreement requires cuts of ...

  • OPEC: Pricier crude could erode demand 14 Nov 2009 03:51 GMT
    ... CAIRO (AP) OPEC on Nov. 11 cautioned that a sustained ... signs of a global economic recovery, the Organization of the Petroleum Exporting Countries supplier of about 35 percent of the ... the New York Mercantile Exchange. OPEC kingpin Saudi Arabia, home to the world's largest proven reserves ...

  • Gas price rise tied to dollar's fall 14 Nov 2009 15:30 GMT
    ... global economy recovers." Mixed signals coming from Organization of the Petroleum Exporting Countries are also adding to the choppy feel ... Trading, a Chicago brokerage house. "First the Saudis say customers can buy as much as ... which implements energy cooperation among 24 nations, OPEC has increased oil production by about 1 ...

  • IEA, OPEC, worry about high oil prices and CO2 14 Nov 2009 11:16 GMT
    ... IEA, OPEC, worry about high oil prices and CO2 ... today, versus 89% in March. Most significantly, Saudi Arabia allocated increased supplies to Asian refiners this week. And Oil Minister al-Naimi ...

  • Factors that favour the crude oil bulls 14 Nov 2009 07:55 GMT
    ... economy is reversing On the supply side, Non-OPEC capacity is set to surge by 244000 ... and a ramp-up of new fields in Saudi Arabia, Iraq and Angola, there is certainly plenty of excess capacity to raise output ...

  • Asian Roulette - Part II 14 Nov 2009 19:15 GMT
    ... tried Iraq to give in to the Saudis whims along with giving up the Russian alliance. They also wanted to control or thwart ... was accused by Iraq of exceeding its OPEC quotas and driving down the price of ...

  • Qatar sees no dramatic change in OPEC output 11 Nov 2009 12:35 GMT
    ... Nov. 11, 2009 7:33AM EST producer cartel OPEC is unlikely to substantially alter output plans ... dramatic change in the next meeting.” The Organization of the Petroleum Exporting Countries will meet in Luanda, Angola on Dec. ... meeting due to the price surge, while Saudi Arabia has raised supply to oil firms with ...

  • Qatar oilmin sees no dramatic change in OPEC output 11 Nov 2009 13:06 GMT
    ... SINGAPORE - Oil producer cartel OPEC is unlikely to substantially alter output plans ... dramatic change in the next meeting.ˇ± The Organization of the Petroleum Exporting Countries will meet in Luanda, Angola on Dec. ... meeting due to the price surge, while Saudi Arabia has raised supply to oil firms with ...

  • No dramatic change in OPEC output: Qatar oil min 11 Nov 2009 13:17 GMT
    ... SINGAPORE - Oil producer cartel OPEC is unlikely to substantially alter output plans ... dramatic change in the next meeting.ˇ± The Organization of the Petroleum Exporting Countries will meet in Luanda, Angola on Dec. ... meeting due to the price surge, while Saudi Arabia has raised supply to oil firms with ...

  • OPEC: Higher prices not good 12 Nov 2009 01:16 GMT
    ... CAIRO: OPEC on Wednesday cautioned that a sustained increase ... signs of a global economic recovery, the Organization of the Petroleum Exporting Countries — supplier of about 35 percent of ... million barrels per day (bpd) last year. Saudi Arabia, home to the world’s largest proven reserves ...

  • Saudi Dec crude to Asia steady; 1 key buyer gets full 9 Nov 2009 12:36 GMT
    ... in December, amid hopes of economic recovery. “Saudi is pretty comfortable with the current oil price, ... to the world’s largest oil consumer. Other OPEC members have shown little sign of relaxing ... currently on the agenda for OPEC. The Organization of the Petroleum Exporting Countries has kept official output targets unchanged at ...

  • Platts Survey: OPEC Oil Output Rises to 28.89 Million Barrels per day in October 12 Nov 2009 16:34 GMT
    ... - The Organization of the Petroleum Exporting Countries ( production averaged 28.89 million barrels per ... 28.83 million b/d, a Platts survey of OPEC and oil industry sources and analysts showed ... Increases totalling 90,000 b/d from Angola, Nigeria, Saudi Arabia and the United Arab Emirates (UAE) were ...

  • OPEC: Pricy crude could erode 2010 demand 11 Nov 2009 13:33 GMT
    ... again on Wednesday, a level that even OPEC leaders have said is too high given ... signs of a global economic recovery, the Organization of the Petroleum Exporting Countries - supplier of about 35 percent of ... the New York Mercantile Exchange. OPEC kingpin Saudi Arabia, home to the world's largest proven reserves ...

  • OPEC: Pricier crude could erode 2010 demand 11 Nov 2009 14:10 GMT
    ... OPEC warns higher oil prices could undercut 2010 ... signs of a global economic recovery, the Organization of the Petroleum Exporting Countries -- supplier of about 35 percent of ... the New York Mercantile Exchange. OPEC kingpin Saudi Arabia, home to the world's largest proven reserves ...


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