Saudi Arabia to US: Cut costs or go homeThe world’s most powerful oilman brought a harsh message to Houston for executives hoping for a rescue from low prices.
25 Feb, 2016, 04.50 AM IST
Oil retreats as Saudi Arabia, Russia freeze outputOil dropped on speculation that a pledge by Saudi Arabia and Russia to freeze production at January levels won’t succeed in tackling the gl...
17 Feb, 2016, 02.04 AM IST
'Asian premium' a misconception, ready for big-ticket investment in India: Saudi Oil Minister Al-NaimiSaudi Arabian Oil Minister Ali al-Naimi is ready for big-ticket investment in India and is unfazed by crude’s dramatic fall.
05 Oct, 2015, 11.21 AM IST
Saudi Arabia’s new ruler King Salman may not change oil policyThe kingdom’s refusal to surrender market share to rising US output has contributed to the worst slump in prices since the global credit cr...
24 Jan, 2015, 04.47 AM IST
50% drop in oil from 2014 high stokes faith in rallyLong wagers increased the most since Feb. Money managers have increased their net-long position by 34% in three weeks, even as prices kept ...
23 Dec, 2014, 12.21 PM IST
The oil crash has done nothing to slow the American shale boomCrude production rose to 9.12 million barrels per day in the first week of December, the highest since 1986.
11 Dec, 2014, 02.52 PM IST
An OPEC minister just made a surprising statement about who controls oil pricesSaudi Arabia's oil minister, Ali Al-Naimi made a surprising statement at a UN climate change meeting in Lima, Peru.
11 Dec, 2014, 01.56 PM IST
Saudi Arabia, OPEC would cover for any Ukraine-related oil shortage: Saudi Oil Minister Ali al-NaimiAli al-Naimi said the kingdom's current output is around 9.6 million barrels per day (bpd), while it has a capacity of 12.5 million bpd.
12 May, 2014, 05.47 PM IST
- Jaipal Reddy asks Saudi Arabia to supply additional 5 MT crude oil
India has asked Saudi Arabia, the world's biggest oil producer, to supply 5 million tonne additional crude oil this year mainly because Ind...
14 Jun, 2012, 07.20 PM IST
- Saudis ready to pump oil after OPEC collapse
Saudi Arabia signaled it's ready to deliver on a pledge to boost the supply of oil after the collapse of Opec talks two days ago.
12 Jun, 2011, 04.56 AM IST
- Oil extends fall as Saudis hint at raising supply
Oil prices hung below $88 a barrel Tuesday in Asia, extending losses after the Saudi oil minister hinted they may raise supplies.
25 Jan, 2011, 11.08 AM IST
- Oil rises in Asian trade on improved sentiment
Oil extended its rise in Asian trade on Tuesday lifted in part by improved investor sentiment about the global economy's recovery prospects...
08 Sep, 2009, 11.26 AM IST
- Oil market 'very stable and healthy': Saudi minister
The oil market is "very stable and healthy" and the current is price "good for everybody," Saudi Oil Minister Ali al-Naimi said on arriving...
08 Sep, 2009, 11.13 AM IST
- OPEC postpones production cut, sees oil at $75
OPEC deferred a decision on reducing production this year by two weeks to gauge the impact of earlier cuts, as it seeks to push oil prices ...
01 Dec, 2008, 12.00 AM IST
- Jeddah oil summit: India for rise in output
Chidambaram, along with Murli Deora, is in Saudi Arabia to address the issue of spurt in global oil crisis. Beat inflation I War on inflati...
22 Jun, 2008, 01.16 PM IST
- Rising oil prices top agenda of Jeddah meeting
India's Finance Minister P Chidambaram along with Petroleum Minister Murli Deora will participate in an international conference of world's...
21 Jun, 2008, 04.07 PM IST
- Oil prices down in Asian trade
Oil prices fell in Asian trade on Wednesday after Saudi Oil Minister Ali Al-Naimi said the world market is well supplied ahead of an OPEC m...
28 Nov, 2007, 10.31 AM IST