Saudi Oil Minister Ali Al Naimi appeared to downplay worries about the impact of sinking crude oil prices on production from the world's top oil exporter.
Oil prices in Europe have declined since June as ge
Saudi Oil Minister Ali Al Naimi on Thursday played down concerns about the recent fall in oil prices below $100 per barrel.
"Have you ever seen me concerned?" Al Naimi said when asked if the fall was a matter for concern
The global oil market is in a good shape and Saudi Arabia is happy with the current oil price, Saudi Oil Minister Ali Al-Naimi said on Sunday, expressing satisfaction over a Gulf effort which kept prices in check.
Saudi Arabia is satisfied that oil prices have fallen to a level that does not hamper global growth, Saudi Oil Minister Ali Al-Naimi said on Wednesday, signalling success in a Gulf Arab effort to keep oil prices under control d
Saudi Arabia came under pressure on Wednesday from fellow Organization of the Petroleum Exporting Countries (Opec) producers to cut oil output to prevent a further slide in crude prices.
Price hawks in Opec are fretting that slowing econom
Opec may need to raise its oil output target when it sets production policy on Thursday for the second half of the year, Saudi Oil Minister Ali Al-Naimi said in an interview published on Monday.
"Our analysis suggests that we will need a h
Saudi Aramco's crude oil output in 2011 rose to 9.1 million barrels per day (bpd) from 7.9 million a year earlier, the state oil firm said in an annual review released on Monday.
'In 2011, the company supported global energy secur