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Latest OPEC Saudi Arabia News

  • Peak oil, prices, and supplies - Nov 24 24 Nov 2009 20:48 GMT
    ... which oil historian Daniel Yergin calls "the Saudi Arabia of 19th-century oil." For many years, ... the rise in production from outside the Organization of the Petroleum Exporting Countries and output of natural gas liquids (NGLs) from OPEC members is seen growing by just 800,000 ...

  • Response to George Will: "There is still no alternative to oil" 24 Nov 2009 19:35 GMT
    ... the oil supply situation. As an example, non-OPEC oil production (crude oil + condensate) reached ... the world’s largest oil field is Ghawar (Saudi Arabia) which has been in production since around 1950. Well over half of the oil ...

  • The Case Against An Energy Comeback 24 Nov 2009 19:15 GMT
    ... be enough to overwhelm supplies and drive up prices, however, says Jacazio of Barclays. Saudi Arabia and other OPEC nations have added about 5 million barrels a day of excess pumping capacity and ...

  • OPEC basket price up 95 cents to USD 76.73 pb 24 Nov 2009 19:14 GMT
    ... Nov 24 (KUNA) -- The price of OPEC basket of 12-crudes gained 95 cents on ... USD 75. 78 the previous day, the Organization of the Petroleum Exporting Countries (OPEC) announced. According to OPEC bulletin, the ... Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela). Observers ...

  • Welcome message from US on climate 24 Nov 2009 16:34 GMT
    ... from industrialised states. Major oil producers, including Saudi Arabia, would benefit from playing a bigger role in climate change talks, Mr Howard ... oil, a position backed by Qatar and OPEC officials. But Mr Howard predicted the idea ...

  • Vienna to mull Nabucco & South Stream 24 Nov 2009 11:16 GMT
    ... to quote but a few subjects. Representatives of governments, international organizations and companies, particularly, OPEC, the Ministry of Petroleum and Mineral Resources of Saudi Arabia, Total, Chevron, the European Investment Bank, BG Group, the Islamic Development Bank, European Bank for Reconstruction and Development and ...

  • New features at IPTC highlight oil and gas industry benefits to potential recruits, help young professionals survive economic downturn 24 Nov 2009 10:30 GMT
    ... the Organisation of the Petroleum Exporting Countries (OPEC) and the Organisation of Arab Petroleum Exporting ... RasGas, Shell, PETRONAS, BP, Kuwait Oil Company, Saudi Aramco, OXY, Qatar Gas, Baker Hughes and Schlumberger. ...

  • Oil rises on Iran Worries, Dollar Weakness 24 Nov 2009 05:33 GMT
    ... support oil prices." A member of the Organization of the Petroleum Exporting Countries, Iran is the No. 4 exporter of crude oil, after Saudi Arabia, Russia and Norway. Analysts at Commerzbank ... that "concerns over supply disruptions are overdone." OPEC members have spare daily production capacity currently ...

  • Gulf economies 'will recover in 2010,' risks remain ' poll 24 Nov 2009 00:11 GMT
    ... crisis sent the top Gulf economies – Saudi Arabia and the United Arab Emirates (UAE) – into a downturn this year, freezing credit ... did not have to take part in OPEC-led oil output cuts, should see GDP growth ...

  • Qatar to top Gulf growth 23 Nov 2009 20:55 GMT
    ... global financial crisis sent the top Gulf economies—Saudi Arabia and the UAE—into a downturn this year, freezing credit and forcing the world’s largest ... did not have to take part in Opec-led oil output cuts, should see GDP growth ...

  • Gulf Growth Outlook Brightens 23 Nov 2009 20:26 GMT
    ... crisis sent the top Gulf economies — Saudi Arabia and the UAE — into a downturn this year, freezing credit and forcing the world’s ... did not have to take part in OPEC-led oil output cuts, should see GDP growth ...

  • World Oil Production Forecast - Update November 2009 23 Nov 2009 19:03 GMT
    ... is expected to decline further as non OPEC annual oil production and is forecast to ... from Russia, Norway, the UK and Mexico. Saudi Arabia's crude oil production By 2011, OPEC will not have the ability to offset ...

  • UPDATE 1-Rosneft sells first Kozmino oil cargo to IPP 23 Nov 2009 17:24 GMT
    ... production in excess of 10 million barrels per day has pushed Russia ahead of Saudi Arabia as the world's largest crude oil producer, as Riyadh persists with OPEC-agreed cuts. Rosneft will be one of the main suppliers of oil via the pipeline ...

  • Commentary: Moving Beyond Denial'¦Two Steps Forward and One Step Back 23 Nov 2009 15:16 GMT
    ... living and yet-to-be-born. Consider: in April 2008, Saudi Arabia's King Abdullah said he had ordered some new oil discoveries left untapped to preserve ... is a lot of excess capacity within OPEC today, and it’s going to take years ...

  • Yemen foreign debt jumps to $6 bln in September 23 Nov 2009 14:12 GMT
    ... was for the International Monetary Fund, the OPEC Fund for International Development and Islamic Development ... in the third position, with Yemen owing Saudi, Chinese, Kuwaiti and Iraqi Funds as well as Algeria, Boland and Korea about $876.5 million. ...


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