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Saudi Arabia OPEC News. Service for global professionals. Constantly updated news and information about Saudi Arabia.
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Latest Saudi Arabia OPEC News

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  • Opec oil output hits a 2009 high in Dec 31 Dec 2009 22:34 GMT
    ... Supply from the 11 members of the Organization of the Petroleum Exporting Countries with output targets, all except , rose ... in percentage terms with Opec output targets. Saudi Arabia, Opec’s top producer, nudged supply up ... found. Buyers of the its crude said Riyadh allocated more to Asia but maintaining steady ...

  • Moscow throws down the gauntlet to OPEC 3 Jan 2010 00:31 GMT
    ... cooperation and competition — with the OPEC (Organization of the Petroleum Exporting Countries). Using the high oil prices for the ... infrastructure. It is now ahead of even Saudi Arabia, as far as crude production is concerned. While Riyadh had to restrain its output under OPEC ...

  • Opec to Keep Oil Supply Steady, Price Holds Firm 29 Dec 2009 17:52 GMT
    ... Luanda — OPEC will almost certainly leave output targets unchanged ... concerns in the group about excess supplies. Saudi Arabian Oil Minister Ali al-Naimi has yet to ... and he sees no need for the Organization of the Petroleum Exporting Countries to adjust supply. Speaking on Sunday, other ...

  • Saudi GDP to grow by 4.1% 27 Dec 2009 01:11 GMT
    ... RIYADH: Saudi Arabia’s economy is expected to grow by ... as domestic demand in the top OPEC (Organization of the Petroleum Exporting Countries) oil exporter will pick up, EFG-Hermes said ...

  • OPEC basket price continues its rally for 3rd running day 30 Dec 2009 17:33 GMT
    ... VIENNA, Dec 30 (KUNA) -- Organization of the Petroleum Exporting Countries (OPEC) declared here on Wednesday that the basket ... Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Merey (Venezuela), Girassol (Angola) and Oriente (Ecuador). ...

  • Saudi oil GDP down 6.4 percent 29 Dec 2009 16:50 GMT
    ... RIYADH, Saudi Arabia, Dec. 29 (UPI) -- The gross ... collapsing to below $40 per barrel. The Organization of the Petroleum Exporting Countries enacted a tight production quota in response, ...

  • WRAPUP 1-Saudis quit Caribbean oil storage; China steps in 30 Dec 2009 19:54 GMT
    ... * After 14 years, Saudi Aramco ends St Eustatius oil lease * PetroChina, ... And while supply restraints imposed by the Organization of the Petroleum Exporting Countries to support prices have affected Saudi sales ... China, has moved ahead of top refiner Sinopec ( ) in driving its downstream expansion ...

  • Saudis quit Caribbean oil storage 30 Dec 2009 20:15 GMT
    ... NEW YORK/HOUSTON/BEIJING (Reuters) - Saudi Arabia will quit a long-held lease for 5 ... And while supply restraints imposed by the Organization of the Petroleum Exporting Countries to support ...

  • Exclusive: Saudis quit Caribbean oil storage; China steps in 30 Dec 2009 15:55 GMT
    ... NEW YORK/HOUSTON/BEIJING (Reuters) - Saudi Arabia has quit a long-held lease for 5 ... And while supply restraints imposed by the Organization of the Petroleum Exporting Countries to support prices have affected Saudi sales ... China, has moved ahead of top refiner Sinopec in driving its downstream expansion abroad, buying ...

  • Exclusive: Saudis quit Caribbean oil storage 30 Dec 2009 16:14 GMT
    ... NEW YORK/HOUSTON/BEIJING (Reuters) - Saudi Arabia has quit a long-held lease for 5 ... And while supply restraints imposed by the Organization of the Petroleum Exporting Countries to support prices have affected Saudi sales ... China, has moved ahead of top refiner Sinopec in driving its downstream expansion abroad, buying ...

  • EXCLUSIVE - Saudis quit Caribbean oil storage; China steps in 30 Dec 2009 20:11 GMT
    ... Saudi Arabia has quit a long-held lease for 5 ... And while supply restraints imposed by the Organization of the Petroleum Exporting Countries to support prices have affected Saudi sales ... China, has moved ahead of top refiner Sinopec in driving its downstream expansion abroad, buying ...

  • Saudis quit Caribbean oil storage, China steps in 30 Dec 2009 20:15 GMT
    ... oil trade dynamics. Coming just weeks after Saudi Oil Minister Ali al-Naimi revealed the world's top ... And while supply restraints imposed by the Organization of the Petroleum Exporting Countries to support prices have affected Saudi sales ... China, has moved ahead of top refiner Sinopec in driving its downstream expansion abroad, buying ...

  • Saudi quits Caribbean oil storage 30 Dec 2009 21:14 GMT
    ... Saudi Arabia has quit a long-held lease for 5 ... And while supply restraints imposed by the Organization of the Petroleum Exporting Countries to support prices have affected Saudi sales ... China, has moved ahead of top refiner Sinopec in driving its downstream expansion abroad, buying ...

  • Venezuelan oil exports to the United States fall by 16 percent 4 Jan 2010 17:10 GMT
    ... third oil supplier to the United States OPEC members reduced their exports to the US ... to meet production cuts agreed within the Organization of the Petroleum Exporting Countries (OPEC) to curb the fall in oil ... million bpd in September. Algeria, Kuwait, Nigeria, Saudi Arabia and Venezuela are among the countries that ...

  • Falling Venezuelan oil exports to the US 4 Jan 2010 19:50 GMT
    ... third oil supplier to the United States OPEC members reduced their exports to the US ... to meet production cuts agreed within the Organization of the Petroleum Exporting Countries (OPEC) to curb the fall in oil ... million bpd in September. Algeria, Kuwait, Nigeria, Saudi Arabia and Venezuela are among the countries that ...


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