Tuesday 27 January 2015
 
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Al-Naimi

Saudi oil minister holds talks with US energy deputy

Saudi Oil Minister Ali Al-Naimi met US Deputy Energy Secretary Elizabeth Sherwood-Randall on Tuesday in Riyadh where they discussed oil markets, the official Saudi Press Agency (SPA) reported. SPA gave no specific details about th

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Oil sees biggest gain in 2 years as bears book profits

Oil closed up as much as 5 per cent on Friday, its biggest gain in over two years, as some traders took profits on short positions after prices this week hit their lowest since 2009. A sharp bout of short-covering prior to expiry

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Oil edges up toward $65, but Saudi stance cuts gains

Brent crude ticked higher on Thursday but remained below $65 per barrel, and not far above five-year lows hit in the previous session, with the market's bearish tone largely intact. Comments by the Saudi Arabian oil minister s

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Saudi Arabia to double natural gas production

Saudi Arabia, the world's top oil exporter, will double its natural gas output by 2030 but plans to keep all of it at home to fuel domestic growth, the country's oil minister said on Wednesday. "Within the next decade

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Saudi will meet oil demand to help check prices

Saudi Arabia will continue to meet any additional oil demand and help moderate prices, but the recent surge in crude prices is not due to any supply shortfall, Saudi Oil Minister Ali Al-Naimi said on Monday. "Saudi Arabia is

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Time to focus on downstream says Al-Naimi

Top oil exporter Saudi Arabia must reduce its reliance on crude sales revenues and develop its downstream industry to shield its economy from international market volatility, the kingdom's oil minister said on Tuesday. "Oil, as we all know

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Global economic recovery patchy says Al-Naimi

The world economy is in better shape than two years ago but the recovery remains "patchy," according to the text of a speech Saudi Oil Minister Ali Al-Naimi is to give on Monday at a meeting of Middle Eastern and Asian countries.   

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Saudi says ready to supply Asia with more oil

Saudi Arabia is ready to supply Asia with more oil thanks to unmatched spare output capacity that allows it to counter any rise in demand or drop in supplies, Oil Minister Ali Al-Naimi was quoted as saying by the state news agency on Saturday.

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Oil market tightening says Saudi minister

There are signs of increasing demand for oil, Saudi Oil Minister Ali Al-Naimi said on Tuesday, which could mean Opec does not have to take any action on supply this year. 'We have been sailing very well and we will continue to sail ver

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Oil market tightening says Saudi minister

There are signs of increasing demand for oil, Saudi Oil Minister Ali Al-Naimi said on Tuesday, which could mean Opec does not have to take any action on supply this year. 'We have been sailing very well and we will continue to sail ver

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