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Saudi Arabia Oil Trading 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 Oil Trading News

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  • ME Crude Oils Fall; Saudi Light Prices May Decline 4 Dec 2009 20:21 GMT
    ... DUBAI - Middle East crude oils fell on expectations of rising supplies ... per cent, to $78.89 a barrel. Dubai oil for loading in February dropped 53 cents, or 0.7 ... 5:35 p.m. Singapore time, with 578 contracts traded. The settlement price was set at $78.38 ...

  • Crude Oil Declines to Seven-Week Low as the Dollar Surges 5 Dec 2009 07:18 GMT
    ... Dec. 4 (Bloomberg) -- Crude oil fell to a seven-week low as the ... in Cairo before a meeting of Arab petroleum ministers. Inventories of oil “are coming down,” ...

  • Oil prices jump after US jobs data 4 Dec 2009 16:18 GMT
    ... Brent North Sea crude for delivery in January jumped 1.12 dollars ... to sustain a fragile recovery from recession Oil prices had fallen on Friday ahead of ... ministerial conference of the Organization of Arab Petroleum Exporting Countries (OAPEC) on Saturday. Several OPEC ...

  • OPEC should maintain output: Arab oil ministers 4 Dec 2009 20:19 GMT
    ... OPEC should maintain output: Arab oil ministers Saudi Oil Minister Ali al-Naimi, pictured ... Minister Chakib Khelil, but he added that crude prices were slightly low. Arab oil ministers ... a conference of the Organisation of Arab Petroleum Exporting Countries (OPEC) from Saturday. "We still ...

  • Reliance Oct crude imports up 0.2 pct vs Sept-trade 4 Dec 2009 13:41 GMT
    ... Dec 2 (Reuters) - India's ' monthly crude imports edged up 0.2 percent in October ... of recession forced the Organization of the Petroleum Exporting Countries in October 2008 to cut output to stop oil's slide, after prices more than halved from ...

  • Reliance Oct crude imports up 0.2 pct vs Sept - trade 4 Dec 2009 14:00 GMT
    ... Reliance Industries' monthly crude imports edged up 0.2 percent in October ... of recession forced the Organization of the Petroleum Exporting Countries in October 2008 to cut output to stop oil's slide, after prices more than halved from ...

  • ICE and NYMEX: two oil titans battling to win 30 Nov 2009 18:35 GMT
    ... LONDON (Reuters) - The world's two biggest energy exchanges ... "regulatory arbitrage," meaning different rules would drive trade from one exchange to another to the ... the platform, such as the U.S. light crude futures contract, would be subject to U.S. ...

  • OPEC should maintain output, say Arab oil ministers 4 Dec 2009 22:19 GMT
    ... CAIRO : Arab oil ministers of OPEC said on Friday that ... when it meets later this month as crude prices are close to the target of ... a conference of the Organisation of Arab Petroleum Exporting Countries (OPEC) from Saturday. "We still ...

  • 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, ...

  • Crude slides after dollar cheers unemployment news 4 Dec 2009 22:17 GMT
    ... Crude oil declined as the dollar climbed on an ... in Cairo before a meeting of Arab petroleum ministers. Inventories of oil “are coming down,” ...

  • Oil falls $1 as dollar strengthens 5 Dec 2009 05:30 GMT
    ... NEW YORK (Reuters) - Oil prices fell nearly $1 to below $76 ... which outweighed better-than-expected U.S. jobs data. U.S. crude futures fell 99 cents to settle at ... the issues facing the Organization of the Petroleum Exporting Countries when it meets on Dec ...

  • Saudi hails 'perfect' oil price, stable market 5 Dec 2009 16:15 GMT
    ... Saudi Arabia said on Saturday that oil prices were "perfect" and the global market ... ministerial meeting of the Organisation of Arab Petroleum Exporting Countries (OAPEC). Kuwaiti Oil Minister Sheikh ... prices jumped above 80 dollars before easing. Crude prices tumbled on Friday in volatile trade, ...

  • Saudi Arabia hails 'perfect' oil price 5 Dec 2009 19:50 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, ...

  • UPDATE 1-New US sour crude years from benchmark status-CME 4 Dec 2009 22:35 GMT
    ... of a new physically deliverable U.S. sour crude oil futures that launches next week, but said it ... CME is home of the most widely traded benchmark oil futures contract, West Texas Intermediate ...

  • A Detailed Guide on the Many Different Types of Crude Oil 2 Dec 2009 18:43 GMT
    ... Guide on the Many Different Types of Crude Oil Some people arbitrarily speak about oil as ... having a set, agreed upon “vocabulary,” the petroleum industry often uses references to “Geographical Locations” ...


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