Friday 29 May 2015
 
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Al Naimi

Al Naimi optimistic about Saudi Arabia’s oil future

Saudi oil minister Ali Al Naimi said on Tuesday he was optimistic about the future of the kingdom's oil and gas sector under the new leadership, state news agency SPA reported. Saudi Arabia's King Salman named his nephew M

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Fair, stable oil prices to benefit all: Al Naimi

Fair and stable oil prices will benefit producers and consumers, allowing global supply and demand to grow at a steady pace, Saudi Arabia's Oil Minister Ali Al-Naimi said on Tuesday. While a roughly 50 per cent drop in global

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Al Naimi says Saudi oil production near record high in April

Oil Minister Ali Al Naimi says Saudi Arabia is producing near record levels of crude in April, underscoring the kingdom's willingness to defend market share at a time when oil markets have staged a fragile recovery.  

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Saudi oil minister discusses oil markets with Russia, Brunei

Saudi Arabian oil minister Ali Al Naimi discussed oil markets with Russia's ambassador to Riyadh Oleg Ozerov, Saudi state news agency SPA reported.   In the meeting, which was attended by Al Naimi's advis

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Saudi pumps up oil production to record high of 10.3 mbpd

Saudi Arabia has revved up crude production to its highest rate on record, feeding unexpectedly strong demand from foreign refiners and increased capacity at home.   Oil Minister Ali Al Naimi told reporters that the

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Saudi ready to supply more oil if needed: Naimi

Saudi Oil Minister Ali Al-Naimi said on Monday the world's top oil exporter was willing to supply markets with more crude if tensions between Russia and the West over Ukraine worsen and cause a shortage. Russia's military

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Oil supply enough to meet shortages: Saudi

The oil market has enough supply and prices are at a favourable level, Saudi Arabia's oil minister said on Tuesday, affirming the willingness of the world's top crude exporter to meet shortages. Saudi Arabia pumped oil at

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Saudi pumping most in 5 months: Al-Naimi

Top oil exporter Saudi Arabia is pumping at around 10 million barrels per day (bpd), the most in about five months, and is  storing 80 million barrels to meet any sudden disruption in supplies, Oil Minister Ali Al-Naimi said. Worries

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Saudi pumping 10m bpd crude: Al-Naimi

Top oil exporter Saudi Arabia is pumping at around 10 million barrels per day (bpd), Oil Minister Ali Al-Naimi told reporters on a visit to Japan on Tuesday. Saudi pumped 10 million bpd of oil last month, which was the  highest level

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Saudi can't fill oil gap for long: Iran

Saudi Arabia will not be able to replace Iranian oil supplies in the long run, in case of shortfalls due to sanctions against Iran, state television quoted Iranian Oil Minister Rostam Qasemi as saying. On Friday, Saudi Oil Minister Ali Al

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