Friday 19 September 2014
 
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Naimi

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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$100 per barrel great price for oil says Saudi

Top crude exporter Saudi Arabia wants an oil price of around $100 a barrel and would like to see global inventories rise before demand picks up in the second half of the year, Oil Minister Ali Al-Naimi said on Sunday. International Brent c

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