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Saudi Arabia

Derricks at Yuganskneftegaz oil processing facility at Mamontovskoye oilfield outside the Siberian ...

Oil crisis: Prices decline again after Saudi Arabia refuses to cut production

19/02/2016(0)
Oil prices declined after Saudi Arabia’s foreign minister Adel al-Jubeir said that his country will not cut production. The statement made on 18 February is contrary to what Saudi ... Read More
Brent Crude Oil

Brent Slightly Up Over Unexpected OPEC-Russia Meet

16/02/2016(0)
Oil has risen 2 percent since this morning on speculation ahead of a meeting tomorrow in Doha among ministers from Saudi Arabia, Russia, Qatar and Venezuela. After-hours Brent crude ... Read More
Bijan-Zangeneh

Iran ready to discuss oil with Saudis

10/02/2016(0)
Iran’s Oil Minister Bijan Zangeneh said on Tuesday that Iran is ready to negotiate with Saudi Arabia over the current conditions in international oil markets. “We support any form ... Read More
oil

No Agreement on OPEC Meeting After Venezuela Meets With Saudi Arabia

09/02/2016(0)
The prospects for an emergency OPEC meeting to initiate coordinated production cuts took a hit this weekend. Venezuela’s oil minister Eulogio del Pino flew to Riyadh to meet with ... Read More
saudi-arabia

Saudi economy is resilient, says World Bank expert

08/02/2016(0)
Saudi Arabia has five years’ worth of reserves at current spending levels and oil prices, Shantayanan Devarajan, chief economist of the World Bank’s Middle East and North Africa Region ... Read More
factory petro-hemicals

Oil Trades Near $31 After Saudi-Venezuela Talks as Bets Increase

08/02/2016(0)
Al-Naimi speaks with counterpart about other producer meetings Vitol CEO says crude to stay between $40 and $60 for 10 years Oil traded near $31 a barrel after Saudi ... Read More
Oil_well

Oil Prices Climb on Hopes for Production Cuts

29/01/2016(0)
Move difficult to realize, but could tackle oversupply pressuring crude market Crude-oil prices rose to a three-week high on hopes that Russia and the Organization of the Petroleum Exporting ... Read More
opec-1

OPEC, Russia talk of oil teamwork, but Saudi talks of investment

26/01/2016(0)
Senior OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply gluts in decades, while Saudi ... Read More
asia europe

Oil Drops as Saudis to Maintain Spending, China Diesel Use Falls

26/01/2016(0)
Saudi Aramco hasn’t cut investment in oil projects: chairman China’s diesel consumption in December dropped for 4th month  Oil dropped after Saudi Arabia, the world’s biggest crude exporter, said ... Read More
saudi-arabia

Saudi Arabia Said to Ban Betting Against Its Currency

21/01/2016(0)
Central bank said to give directive at Jan. 18 Riyadh meeting Riyal forwards jump to highest in at least 2 decades in Jan. Pressured by plunging oil prices and ... Read More
Broker Cyprus TopFX