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Latest Saudi Arabia Oil & Gas News

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  • Losing Our Golden Egg: N.M.'s Oil, Gas Revenues Shrinking Due To Tougher Regulations, Supply Glut 29 Nov 2009 21:11 GMT
    ... decline in New Mexico into 2014. and gas industry's contribution to the state's general fund ... reap what you sow." The New Mexico Oil and Gas Association and the state Oil ... summer reduced electric utility demand for to fuel power plants. A relatively quiet hurricane season ...

  • MARKET WATCH: Inventory reports undermine oil, gas prices 3 Dec 2009 19:31 GMT
    ... reports of an unexpected build in US oil inventories. The front-month crude contract “could retest ... million bbl to 214.1 million bbl. Distillate fuel inventories dropped 1.2 million bbl to 165.7 ... week ended Nov. 27. That increased working gas in storage to 3.837 tcf, up 470 ...

  • 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 prices ... 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 minister says oil prices 'perfect' 6 Dec 2009 09:48 GMT
    ... CAIRO: Saudi Arabia's oil minister said current global oil prices are "perfect," ... 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 Arabia hails perfect oil price 6 Dec 2009 06:18 GMT
    ... Saudi Arabia says oil prices are 'perfect' and the global market is ... 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, ...

  • A Detailed Guide on the Many Different Types of Crude Oil 2 Dec 2009 18:43 GMT
    ... on the Many Different Types of Crude Oil Some people arbitrarily speak about oil as ... Oils / Light Distillates which include: Jet Fuel, Gasoline, Kerosene, Light Virgin Naphtha, Heavy Virgin ... Most Domestic Fuels and Light Crude Marine Gas Oils. These oils are moderately volatile, less ...

  • Saudi oil minister calls current global oil prices of around $75 a barrel Â'perfectÂ' 5 Dec 2009 12:18 GMT
    ... Tarek El-Tablawy, THE ASSOCIATED PRESS, cp.org, Saudi oil minister calls current global oil prices of around ... Ministerial Conference of the Organization of Arab Petroleum Exporting Countries (OAPEC), in Cairo, Egypt. (THE ... roughly 35 per cent of the world's crude, has held its quotas unchanged since last ...

  • Saudi minister calls current oil prices of around $75 ''perfect'' (ML-Mideast-Oil) 5 Dec 2009 17:04 GMT
    ... Saudi minister calls current oil prices of around $75 ''perfect'' (ML-Mideast-Oil) CAIRO, Egypt ... later this month. The Organization of the Petroleum Exporting Countries, which supplies roughly 35 per ... roughly 35 per cent of the world´s crude, has held its quotas unchanged since last ...

  • Saudi minister calls current oil prices of around $75 'perfect' 5 Dec 2009 18:14 GMT
    ... Saudi minister calls current oil prices of around $75 'perfect' CAIRO, Egypt - ... later this month. The Organization of the Petroleum Exporting Countries, which supplies roughly 35 per ... roughly 35 per cent of the world's crude, has held its quotas unchanged since last ...

  • oil prices 'perfect' 5 Dec 2009 10:56 GMT
    ... Saudi oil minister calls current global oil prices of around ... Ministerial Conference of the Organisation of Arab Petroleum Exporting Countries (OAPEC), in Cairo, Egypt, Saturday, ... supplies roughly 35 percent of the world's crude, has held its quotas unchanged since last ...

  • Moody's Sees Stronger Oil Demand in 2010 4 Dec 2009 20:21 GMT
    ... has revised its outlook for the global oil and gas industry to stable from negative, and forecast ... rebound, world oil consumption will resume growth, fuelled by buoyant demand in emerging economies, led ...

  • Opec Expected to Keep Prices Steady 4 Dec 2009 20:21 GMT
    ... of stable production policy and of robust 
oil prices. Oil inventories are brimming and any ... be slow, but international benchmark United States crude futures have more than doubled from just ... of a global drift away from fossil fuels and the Dubai debt crisis, right at ...

  • Saudi oil minister calls current global oil prices of around $75 a barrel 'perfect' 5 Dec 2009 10:32 GMT
    ... CAIRO (AP) — Saudi Arabia's oil minister said current global oil prices are "perfect," ... 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 ...

  • 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 stable. ... above 80 dollars a barrel before easing. Crude prices tumbled Friday in volatile trade, succumbing to ...

  • Saudi oil minister: oil prices 'perfect' 5 Dec 2009 10:10 GMT
    ... CAIRO (AP) -- Saudi Arabia's oil minister said current global oil prices are "perfect," ... 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 calls current global oil prices at around $75 a barrel 'perfect' 5 Dec 2009 10:18 GMT
    ... oil minister said current global oil prices are "perfect," ... 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: Oil price 'perfect' 5 Dec 2009 10:34 GMT
    ... TAREK EL-TABLAWY (AP) CAIRO - Saudi Arabia's oil minister said current global oil prices are "perfect," ... 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 ...

  • OPEC set for no change, oil price holds the key 4 Dec 2009 10:55 GMT
    ... of stable production policy and of robust oil prices. Oil inventories are brimming and any ... to be slow, but international benchmark U.S. crude futures have more than doubled from just ... of a global drift away from fossil fuels and the Dubai debt crisis, right at ...

  • Saudi oil minister calls current global oil prices of around $75 a barrel 'perfect' 5 Dec 2009 10:40 GMT
    ... CAIRO (AP) - Saudi Arabia's oil minister said current global oil prices are "perfect," ... 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 ...

  • Oil Prices 'Perfect,' Saudi Oil Minister Says 5 Dec 2009 11:17 GMT
    ... minister said current global oil prices are ''perfect,'' as several key members indicated ... 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 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 stable ... 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 is ... 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, ...

  • The Difference Between Oil Shale and Shale Oil 30 Nov 2009 19:33 GMT
    ... Atlantic Richfield's 60% interest in the Colony Oil Shale project in Colorado for $400 million. ... $14 billion package of incentives for synthetic fuels development in 1980. Land values in the ... have far more in common with shale gas plays like the Marcellus Shale of Appalachia ...

  • OPEC comfortable with $80 oil 4 Dec 2009 21:15 GMT
    ... of stable production policy and of robust oil prices. Oil inventories are brimming and any ... to be slow, but international benchmark US crude futures have more than doubled from just ... of a global drift away from fossil fuels and the Dubai debt crisis, right at ...

  • Saudi oil minister: oil prices 'perfect' 5 Dec 2009 10:32 GMT
    ... member states. The group's approach has helped oil prices rebound to almost $80 per barrel recently, ... worst recession in decades sapped demand for crude. The benchmark crude oil contract for January ... annual meeting of the Organization of Arab Petroleum Exporting Countries. OPEC has said it wants ...


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