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Saudi Arabia Crude Oil News is an EIN News Service for oil and gas industry professionals. Constantly updated news and information about Saudi Arabia Oil & Gas.
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Latest Saudi Arabia Crude Oil News

  • OPEC unlikely to alter crude oil output levels 6 Dec 2009 07:54 GMT
    ... Associated Press CAIRO — Saudi Arabia’s oil minister said Saturday that current global oil ... later this month. The Organization of the Petroleum Exporting Countries, which supplies roughly 35 percent ... supplies roughly 35 percent of the world’s crude, has held its quotas unchanged since last ...

  • Saudi oil minister sees no change at OPEC meet - report 6 Dec 2009 07:52 GMT
    ... Saudi Arabia's Oil Minister Ali al-Naimi attends the opening of ... no need for the Organization of the Petroleum Exporting Countries to change its output targets ...

  • Saudi oil minister sees no change at OPEC meet 6 Dec 2009 07:34 GMT
    ... its ministers meet later this month as oil prices are at the desired levels, Saudi Arabian oil minister Ali al-Naimi said in ... no need for the Organization of the Petroleum Exporting Countries to change its output targets ...

  • Oapec members agree to maintain quotas 6 Dec 2009 06:59 GMT
    ... support for maintaining production quotas, saying the oil price is satisfactory and the market is ... the market is stable. Ministers of Arab Petroleum Exporting Countries (Oapec) attending a meeting in ... jumped above $80 a barrel before easing. Crude prices tumbled on Friday in volatile trade, ...

  • Saudi Arabia hails perfect oil price 6 Dec 2009 06:18 GMT
    ... Saudi Arabia says oil prices are 'perfect' and the global market ... ministerial meeting of the Organisation of Arab Petroleum Exporting Countries (OAPEC). Kuwaiti Oil Minister Sheikh ... October, prices jumped above $US80 before easing. Crude prices tumbled on Friday in volatile trade, ...

  • LUANDA 22 Dec 2009 Angola hosts 155th OPEC meeting 6 Dec 2009 05:18 GMT
    ... to offset weakness in the price of oil. Kuwait's oil minister, Sheikh Ahmad al-Sabah, told ... Bloomberg in October that the Organization of Petroleum Exporting Countries is likely to maintain oil ... Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela. ...

  • IRAQ: A LAND OF RISK AND REWARD 6 Dec 2009 04:35 GMT
    ... investors assembling here speak a common language: oil. Kurdistan sits on plenty of it, and the ... 10 unexplored but highly prospective oil and gas fields, including some near Kirkuk, following a ... Exxon, Royal Dutch Shell PLC, China National Petroleum Corp. and Italy's Eni SpA have either ...

  • Kurdistan: A lot of oil, a lot of risk 6 Dec 2009 04:35 GMT
    ... Kurdistan: A lot of oil, a lot of risk The future of Iraq ... 10 unexplored but highly prospective oil and gas fields, including some near Kirkuk, following a ... Exxon, Royal Dutch Shell PLC, China National Petroleum Corp. and Italy's Eni SpA have either ...

  • Arab OPEC members agree to maintain production 6 Dec 2009 03:52 GMT
    ... CAIRO: OPEC heavyweights led by kingpin Saudi Arabia on ... support for maintaining production quotas, saying the oil price is satisfactory and the market is ... above 80 dollars a barrel before easing. Crude prices tumbled Friday in volatile trade, succumbing ...

  • Int'l oil investment shrinks 20% amid financial crisis: OAPEC 6 Dec 2009 03:10 GMT
    ... Oil ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC) said Saturday that international ... investors, consumers, producers are very happy," said Saudi Minister of Petroleum and Mineral Resources Ali ...

  • Kingdom's GDP set to rise by 3% in 2010 6 Dec 2009 00:33 GMT
    ... JEDDAH: Saudi Arabia’s real GDP (gross domestic product) growth ... well as indirect fiscal stimulus to the non-oil sector. In a special report assessing implications ... as regional and international news, especially regarding crude oil prices, all have important effects on ...

  • Work on JEC projects gathers steam 6 Dec 2009 00:33 GMT
    ... JEDDAH: Jazan Economic City (JEC), one of the lynchpins ... with plans in hand for a privately-owned oil refinery, a steel cluster, an iron ore ... requirements of Jazan refinery project’s imports of crude oil, he added. Zaidan said the JEC ...

  • High crimes on the high seas 6 Dec 2009 00:16 GMT
    ... AFTER pirates attacked a Spanish fishing boat in the ... within hours. was transporting 275,000 tonnes of crude valued at US$20mil (RM67.6mil) from Saudi Arabia ... the third tanker and the second carrying oil to be taken by pirates in what ...

  • Saudi hails 'perfect' price at Arab oil meeting 5 Dec 2009 23:55 GMT
    ... Top oil exporter Saudi Arabia on Saturday described the current oil ... no need for the Organization of the Petroleum Exporting Countries (OPEC) to change its output ...

  • Pirates holding tanker warn against a navy raid 5 Dec 2009 23:40 GMT
    ... Somali pirates who captured an oil-laden Greek tanker a week ago warned yesterday ... Greek-flagged Maran Centaurus - a very large crude carrier - is now anchored off the ...


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