Sunday 21 December 2014
 
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Naimi

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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Naimi rejects oil price war talk, seeks only stability

Saudi Arabia Oil Minister Ali Al Naimi broke months of silence to reaffirm the kingdom's longstanding policy of seeking stable global markets, dismissing talk of a "price war" but offering no insight on his response to tumbling c

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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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