Saudi Oil

Source: uk.news.yahoo.com --- 27 days ago
Oil prices fell close to 101 dollars a barrel Tuesday, their lowest reading in five months, ahead of an OPEC meeting where the cartel was expected to leave its output target unchanged. ...

Source: au.rd.yahoo.com --- 27 days ago
VIENNA (AFP) - Saudi Oil Minister Ali al-Nuaimi said the Oil market was "fairly well balanced" as he arrived here Tuesday, increasing speculation that OPEC states will maintain production at current levels. ...

Source: www.businessweek.com --- 10 days ago
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Source: www.moreover.com --- 27 days ago
Saudi Arabia has expressed satisfaction with recent steep falls in Oil prices and indicated no signs of approving a cut in output by the Opec group despite fears among some members of oversupply. 'We have worked very hard since June's meeting to bring ...

Source: www.moreover.com --- 27 days ago
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Source: www.financialpost.com --- 27 days ago
Saudi Arabia's Oil Minister Ali al-Naimi said the crude market is "well balanced" and inventories are in a "healthy position," suggesting OPEC's biggest member will fend off calls from Iran and Venezuela for lower output. Oil futures fell after al-Naimi said supplies are sufficient to meet demand. New York crude Oil for October delivery slipped as much as US$1.57, or 1.5%, to US$104.77 a barrel and traded at US$105.44 as of 8:59 a.m. London time. ...

Source: online.wsj.com --- 5 days ago
China's demand for Oil and Saudi Arabia's influence on supply have been helping keep the price of crude aloft. ...

Source: www.cbc.ca --- 27 days ago
OPEC powerhouse Saudi Arabia suggested in Vienna on Tuesday that a meeting of Oil ministers of the 13-nation organization will decide to keep crude production steady, despite their concerns over rapidly falling prices. ...

Source: clientportal.ibb.ubs.com --- 29 days ago
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Source: www.rte.ie --- 27 days ago
World Oil prices fell in Asian trade this morning amid signs that OPEC will maintain production levels when it meets later today. ...

Source: seekingalpha.com --- 21 days ago
Jim Kingsdale submits: A report published in the Emirates Business 24/7 detailing Saudi plans for increasing Oil production looks very much like it came directly from the Saudi Aramco PR department .   Each of the four fields discussed in the report has been extensively analyzed in prior posts.  What is interesting is partly that this one report summarized the entire Saudi program in one place.  But even more interesting is that the report was issued at all.  It seems to be designed to assure the Oil market that it will be adequately supplied for the next few years at least, thus eliminating Oil market pressure for higher prices.  Why would the Saudi’s want to push Oil prices down?  One reason might be to help the Republicans win the White House in November.  The King does a lot of strategic thinking, planning, and acting in coordination with the President of the U.S.   It is not unlikely that he would like to see a President be elected who  he believes will continue the past 60 years of confidential and cooperative relations.  There is good reason to think that his relations with the Bush family going back decades has convinced him that Republicans will continue to honor the special U.S.-Saudi relationship.  Moreover, since the relationship is based on personal  credibility, it is not unreasonable that the King may have assured Mr. Bush that he will in fact lower Oil prices in advance of the U.S. election in exchange for Mr. Bush’s as ...

Source: www.moreover.com --- 27 days ago
Zawya.com Sep 9 2008 3:17PM GMT ...

Source: en.wasalive.com --- 27 days ago
By Maher ChmaytelliSept. 9 (Bloomberg) -- Saudi Arabia's Oil Minister Ali al- Naimi said the crude market is ``well balanced'' and inventories are in a ``healthy position,'' suggesting OPEC's biggest member will fend off calls from Iran and Venezuela for lower output.``We have worked very hard since... ...

Source: en.wasalive.com --- 22 days ago
OPEC, the Oil cartel that controls 40 percent of the Oil sales in the world, announced that they were cutting production to keep prices high for the worlds Oil supply. Fortunately for American homeowners Saudi Arabia, OPEC’s biggest producer, is fighting the decision and will keep pumping at near... ...

Source: www.bloggingstocks.com --- 27 days ago
Filed under: International markets , Commodities , Oil The head of Saudi Arabia's Oil operation said Tuesday global Oil supplies are "well-balanced," and the Oil market breathed a sigh of relief. Ali Al-Naimi, Saudi Arabia's Oil minister, in Vienna for OPEC's September meeting, added that he sees healthy inventories, Bloomberg News reported Tuesday . The above comments were enough to convince energy traders and economists that OPEC will maintain current production levels when it meets later today, and Oil fell $1.99 to $104.35 per barrel in early Tuesday trading. OPEC a bigger concern than Hurricane Ike Economist Peter Dawson told BloggingStocks Tuesday analysts and traders are certainly watching Hurricane Ike , a Category 1 hurricane that's likely to strengthen and hit Texas' Oil-rig-laden coastline, but the larger concern remains OPEC. "Of course, all eyes are on Hurricane Ike, which could cause loss of life and also significantly damage to property and Oil facilities, but Oil industry preparation has advanced and we're much better able to cope with these storms than even 10 years ago," Dawson said. "In comparison, an OPEC production cut is something no one can prepare for." Continue reading Crude falls to $104 after Saudi's Al-Naimi says Oil market is 'well-balanced' Permalink | Email this | Comments ...

Source: www.Imf.Org --- 16 days ago
Saudi Arabia is experiencing robust growth, thanks to high Oil prices and strong private sector investment. But surging Oil revenues also present complex challenges, including how to share the wealth from nonrenewable Oil resources with future generations. ...

Source: www.zawya.com --- 32 days ago
Saudi Aramco, the Saudi Arabian Oil giant, will add an additional half a million barrels per day (bpd) to its production capabilities with the opening of the Khursaniyah field. ...