Tuesday 21 October 2014
 
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Naimi

Saudi Oil Minister seen playing down concerns about falling crude prices

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

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Saudi oil minister plays down oil price decline

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

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Opec coasts towards smooth deal

Opec, enjoying oil at just over $100 a barrel, looks set to keep its output policy on a steady course for 2013.   Saudi Arabia, its top oil producer, has already set the stag

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$100 right price for oil says Al Naimi

  Around $100 a barrel is a good price for oil, Saudi Arabia's Oil Minister Ali Al Naimi told reporters on Monday on the sidelines of an energy conference in Kuwait.   Asked what a fair price wo

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Saudi to drill 7 shale gas wells

  Saudi Arabia plans to drill about seven test wells for shale gas this year, Minister of Petroleum and Mineral Resources Ali Al-Naimi was quoted as saying.   Shale and other unconventional gas rese

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Saudi happy with current oil price: Naimi

  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.

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Oil market stability restored claims Saudi

  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

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Saudi Arabia under pressure on oil price

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

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Opec may need to raise output target: Saudi

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

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Aramco 2011 crude output tops 9m bpd

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

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