Monday 30 March 2015
 
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Naimi

Opec won't bear burden of propping up oil price: Al-Naimi

Opec will not take sole responsibility for propping up the oil price, Saudi Arabia's oil minister said on Sunday, signalling the world's top petroleum exporter is determined to ride out a market slump that has roughly halved prices since

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Saudi Arabia’s Al-Naimi expects oil market to balance

Saudi Arabian Oil Minister Ali Al-Naimi said on Wednesday he hoped and expected the oil market to balance and prices, which hit a near six-year low in January, to stabilize. In a speech, he said his country was committed to helpin

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Crisis veteran Naimi stays to hold line on Saudi oil policy

The new Saudi king's decision to keep Ali al-Naimi in his job as oil minister signalled to energy markets that the world's top crude exporter would not flinch from its policy of refusing to cut output as it fiercely guards market share.

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Saudi oil minister Naimi to stay, policy steady

Saudi Arabia's new King Salman was quick to keep veteran oil minister Ali al-Naimi on Friday in a message aimed at calming a jittery energy market mindful of Naimi's powerful role within the Opec group of oil-exporting countries.

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Saudi ready to raise oil output if new clients emerge

Saudi Arabia is prepared to increase its oil output and claim a bigger market share to meet the demands of any new customers, Monday's edition of the Saudi-owned Al-Hayat newspaper quoted the kingdom's oil minister as saying.

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Saudi says 'won't cut output even if non-Opec nations do'

Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non-Opec nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years.

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Naimi says prices will stimulate demand, confident market will recover

Saudi Arabia's oil minister defended Opec's decision to keep output steady despite the biggest market slump in years, saying current prices would help global economic growth and petroleum demand, while Ar

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Naimi says oil price slide 'temporary', remains optimistic

Saudi Oil Minister Ali Al Naimi sees the current slide of oil prices as temporary and said he remains optimistic about the future of the industry, state news agency SPA quoted him as saying. &

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Saudi Arabia sees oil market 'stabilising itself'

Opec leader Saudi Arabia signalled on Wednesday it was unlikely to push for a major change in oil output at the producer group's meeting this week, a day after Russia refused to cooperate in any production cut and threatened to unleash an oi

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Saudi Arabia's Naimi says 'as happy as can be'; no clues on Opec

Saudi Arabia's Oil Minister Ali Al Naimi said he is "as happy as can be" as he arrived in Vienna for an Opec meeting this week, brushing off questions about tumbling oil prices and surplus supplies.  

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