Sunday 21 December 2014
 
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Saudi

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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Saudi oil supplies to China seen flat for 2nd year

Saudi Aramco is expected to keep crude oil supply to China under an annual contract largely unchanged next year, the second year of flat demand as Chinese refiners anticipate ample supplies in the spot market and lack of new refining capacity.

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Saudi Rail to showcase latest rail industry developments

International exhibitors are set to showcase the latest developments in the railway industry and highlight opportunities in the region, according to a report. The rail projects in the region has been estimated to reach SR45 billio

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Saudi Rail to showcase latest rail industry developments

International exhibitors are set to showcase the latest developments in the railway industry and highlight opportunities in the region, according to a report. The rail projects in the region has been estimated to reach SR45 billio

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EXtra opens Apple outlets in Riyadh, Al Khobar

The United Electronics Company (eXtra) has opened Apple’s first generation stores in Saudi Arabia, following a successful three-year collaboration between the two companies. The outlets will be located in eXtra’s shops

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Opec can't cut alone but others would not, says Naimi

Saudi Arabia's powerful oil minister said on Thursday that Opec could not cut output without the support of other big producers and attempts to get them on board had not worked. Al Naimi said it was impossible for Opec to cut

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Library event draws global expertise to Saudi

Educators from across the Arab world have gathered in Riyadh to learn about the most important technological innovations available to national, public and academic libraries. The conference, entitled ‘Modern Developments in

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Saudi crude oil exports rise to almost 6.9 mbpd in October

Top oil exporter Saudi Arabia shipped more crude oil in October than a month earlier while volumes used by domestic refineries remained high allowing more oil products exports, official data showed.

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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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