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OPEC Saudi Arabia News is an EIN News Service for energy industry professionals. Constantly updated news and information about energy.
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Latest OPEC Saudi Arabia News

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  • 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 ...

  • Oil Scene: Uncertainty haunts the energy world 22 Nov 2009 02:43 GMT
    ... while projecting their long-term incomes and expenses. OPEC (Organization of the Petroleum Exporting Countries) producers could lose $4 trillion in revenue ... http://www.arabnews.com. Copyright (c) 2009, Arab News, Jeddah, Saudi Arabia Distributed by McClatchy-Tribune Information Services. For ...

  • The bulls & bears behind oil 19 Nov 2009 00:15 GMT
    ... in the market. Major forecasters, including the Organization of the Petroleum Exporting Countries, the International Energy Agency and the U.S. ... use triggered by financial crisis. Demand for OPEC crude is expected to stay low. Weak ... the group has traditionally considered comfortable. But Saudi Arabian oil minister Ali al-Naimi predicted confidence ...

  • 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 ...

  • 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 ...

  • Crude futures rise above $78 on Iran worries 23 Nov 2009 11:52 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, ... over supply disruptions are overdone," saying that OPEC members have spare daily production capacity currently ...

  • Crude rises on weaker dollar, Iran concerns 23 Nov 2009 14:06 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 ...

  • Some OPEC Nations Charge Ahead Despite Slow Oil Demand 18 Nov 2009 16:34 GMT
    ... demand in the years ahead, but some OPEC nations are heading in the opposite direction ... enter service in Angola, Iraq, Qatar and Saudi Arabia, according to Bill Farren-Price, energy director at Medley Global Advisors. "Significant challenges ...

  • OPEC should boost spare oil capacity to 'cash in' 17 Nov 2009 10:54 GMT
    ... The Organization of Petroleum Exporting Countries (OPEC) should continue to invest in oil production ... tank Chatham House. “Every time companies like Saudi Aramco have to turn on their excess oil capacity, it is at a time of extremely ...

  • Saudi-French trade relations strengthening, says BSF 18 Nov 2009 00:52 GMT
    ... JEDDAH: Trade ties between Saudi Arabia and France are improving with balance of trade favoring the Kingdom, says Banque ... to France last year than any other OPEC member. French investment in Saudi Arabia between ...

  • OPEC chief supports Saudi compensation appeal 23 Nov 2009 07:46 GMT
    ... Monday, November 23 - 2009 at 10:38 UAE local time (GMT+4) Replication or redistribution in ...

  • 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 ...

  • Staking Out the Middle Ground 19 Nov 2009 17:32 GMT
    ... expectations about future production levels both within OPEC and outside the cartel. In alerting the ... markets. As to the crucial question of Saudi capacity and reserves, both Ray Leonard and Sadad al-Husseini believe that Saudi capabilities are ...

  • The Case for Big Oil Shares 22 Nov 2009 19:45 GMT
    ... production surge in the West and Asia, Opec compliance with supply cuts and the dollar’s ... oil prices, it is entirely possible that Saudi Arabia will boost oil production to checkmate Iran over its nuclear ambition even as ...

  • Where countries stand 25 Nov 2009 15:52 GMT
    ... all serious "We are among the most economically vulnerable countries." Mohammad S. Al Sabban, Saudi Arabia's lead negotiator 8/10/09 Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE Opec and Saudi Arabia seeking financial aid for oil-producers if new agreement requires cuts of ...


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