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Saudi Arabia

Monday, April 13, 2015

Saudi Arabia Oil & Gas News

Oil prices edge up in Asian trade
Oil prices rose in Asia Monday, extending last week's gains but the persistent global supply glut will likely cap advances, analysts said. US benchmark West Texas Intermediate added 11 cents to $51.75 while Brent was up 12 cents at $57.99 in afternoon trade. "There has been a continuation in the rise of oil prices from Friday's session, but the market has started this week cautiously due to the ...



Sunday, April 12, 2015

Saudi Arabia Oil & Gas News

China, Russia, Saudi Arabia Boosted Defense Most as U.S. Cut
Chinese, Russian and Saudi Arabian defense spending increased the most last year, while U.S. expenditures declined, according to a report by the Stockholm International Peace Research Institute. China’s defense spending rose 9.7 percent from a year earlier to $216 billion, and Russia’s increased 8.1 percent to $84.5 billion, the research group said in its annual report on global defense spending ...

Saudi Arabia's Plan to Extend the Age of Oil
Last fall, as oil prices crashed, Ali al-Naimi, Saudi Arabia’s petroleum minister and the world’s de facto energy czar, went mum. Yet from mid-September to the middle of November, while benchmark crude prices plunged 21 percent to a four-year low, Naimi didn’t utter a word in public. Twice during previous routs—amid the Asian financial crisis in 1998 and again when the global economy melted down ...



Saturday, April 11, 2015

Saudi Arabia Oil & Gas News

Saudi's Naimi Says Ready To Help Improve Oil Prices, But Not Alone
RIYADH, April 7 (Reuters) - Saudi Arabia's oil minister Ali al-Naimi said on Tuesday that the kingdom stood ready to "improve" prices but only if other producers outside of OPEC joined the effort.



Friday, April 10, 2015

Saudi Arabia Oil & Gas News

Hampshire 'sitting on a goldmine' as 100 billion barrels of oil lies beneath the south
HAMPSHIRE is sitting on a goldmine – the type normally found in Texas or Saudi Arabia.

Saudi Arabia, Supporters Brave Varied Geopolitical Forces In Yemen
NPR's Melissa Block interviews Simon Henderson with the Washington Institute for Near East Policy about the wider impact of the conflict in Yemen.



Thursday, April 9, 2015

Saudi Arabia Oil & Gas News

More than Texas or Saudi Arabia? Hampshire is sitting on a goldmine as 100 billion barrels of oil lies beneath the south
HAMPSHIRE is sitting on a goldmine – the type normally found in Texas or Saudi Arabia.



Tuesday, April 7, 2015

Saudi Arabia Oil & Gas News

Saudi Arabia boosts crude oil production to highest level on record
Output reaches 10.3m barrels a day in March as kingdom responds to unexpectedly strong global demand Saudi Arabia has revved up crude production to its highest rate on record, feeding unexpectedly strong demand from foreign refiners and increased capacity at home. The oil minister, Ali al-Naimi, said on Tuesday the country produced 10.3m barrels per day (bpd) of crude in March, a figure that ...



Monday, April 6, 2015

Saudi Arabia Oil & Gas News

Oil Jumps After Saudi Arabia's Asia Price Hike
U.S. crude oil prices jumped nearly 3% on Monday morning after Saudi Arabia raised its prices for crude sales to Asia for the second-straight month, which signals improving demand in the region.



Monday, March 30, 2015

Saudi Arabia Oil & Gas News

AP Interview: Saudi Arabia seeks to attract non-oil capital
Saudi Arabia has undertaken several initiatives to attract foreign capital outside of its oil and gas sector, the deputy governor of the kingdom's investment authority said Monday. "There is a strong ...






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