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>> SAUDI ARABIA Latest News

6 HOURS AGO - Eurasia Review

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Saudi Arabia Oil Minister Says Oil Price Slump ‘Temporary’

Saudi Arabia’s Minister of Petroleum and Mineral Resources said Thursday that the global oil price slump was temporary, adding that it was impossible for OPEC to cut output alone to reverse the plunge without the support of other producers. “It is difficult, or even impossible, for Saudi Arabia or OPEC to undertake any measure that […] The post Saudi Arabia ...

Tags: Saudi Arabia Oil Minister Says Oil Price Slump ‘Temporary’,  Saudi Arabia Latest News

18 HOURS AGO - Washington Times

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Saudi says oil decisions not linked to politics

RIYADH, Saudi Arabia (AP) — Saudi Arabia's oil chief said in comments published Thursday that there are no links between the kingdom's decision to oppose production cuts and political objectives — an apparent response to accusations last week from Shiite powerhouse Iran. Petroleum Minister Ali Naimi was quoted by the ...

Tags: Saudi says oil decisions not linked to politics,  Saudi Arabia Latest News

20 HOURS AGO - Wall Street Journal

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Persian Gulf Stocks Rebound as Oil Gains

Persian Gulf stocks, which tumbled into bear-market territory in the past few weeks, rebounded sharply as investors took heart from a rise in oil prices and after Saudi Arabia said it would continue to spend at home.

Tags: Persian Gulf Stocks Rebound as Oil Gains,  Saudi Arabia Latest News

21 HOURS AGO - Wall Street Journal

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Mitsui CEO: U.S., Saudis Pushing Oil Lower

The chief executive of Japan’s Mitsui & Co., a global energy investor, said he thinks the U.S. and Saudi Arabia are acting together to keep oil prices low to hurt Islamic State and Russia.

Tags: Mitsui CEO: U.S., Saudis Pushing Oil Lower,  Saudi Arabia Latest News

22 HOURS AGO - Yahoo! News

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'Impossible' for Saudi to reduce oil output: minister

Saudi Arabia, the largest producer in the OPEC oil cartel, cannot reduce its output, the kingdom's oil minister said on Thursday despite plunging prices. Ali al-Nuaimi added that commodity price fluctuations are to be expected, and he expressed optimism for the future despite crude's price drop of about 50 percent since June. "It is difficult, or even impossible, for Saudi ...

Tags: 'Impossible' for Saudi to reduce oil output: minister,  Saudi Arabia Latest News