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Business
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Economy
8/9/2011 3:42:01 PM
The kingdom ramped up oil output in June despite failing to persuade other OPEC members to follow suit. But analysts say it is only a matter of time before it cuts production following a slowdown in demand
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Business
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Economy
8/5/2011 2:28:14 PM
Oil prices has been dropping over the past week on the back of a broader market selloff driven by economic concerns in Europe and the U.S.
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Business
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Economy
8/2/2011 1:17:46 PM
Set to soar a kilometre above Jeddah, the $1.2 billion Kingdom Tower is one of several mega-ventures planned by OPEC's top exporter as it seeks to diversify its economic base
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Business
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Economy
7/21/2011 12:09:40 PM
Latest figures show Latin American country has larger proven crude reserves than the world's largest oil producer, but analysts downplay the market impact
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Business
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Economy
7/18/2011 5:53:06 PM
Emirates says its production will fall slightly next month but it will be ready to supply as much as the market demands without an OPEC agreement
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Business
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Economy
7/12/2011 2:23:14 PM
Fragile financial picture might slash demand to 1.32 million barrels per day in 2012, says the organisation citing uncertainty over Japan's recovery and the impact of oil prices on developed nations
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Business
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Economy
7/9/2011 12:05:21 PM
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World
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International
7/4/2011 3:42:58 PM
Venezuelan leader Hugo Chavez makes a surprise return after his treatment in Cuba in time for the 200th independence anniversary celebrations
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Business
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Economy
6/30/2011 8:20:57 PM
Release of strategic oil stocks by International Energy Agency may be piling more misery on refiners and raising expectations of increased supply that may not be realised
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Business
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Economy
6/25/2011 3:39:36 PM
The 28-member IEA said on Thursday it would release 60 million barrels a day over an initial 30 days to fill the gap created by the disruption of Libya's output
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Business
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Economy
6/13/2011 12:30:31 PM
Markets react to report that Saudi Arabia will boost daily crude production by 1.14 million barrels despite OPEC's failure to reach consensus last week
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Business
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Economy
6/9/2011 12:17:21 PM
Analysts expect Saudi Arabia would likely raise its production independently if crude prices jump much higher above $100
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Business
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Economy
6/8/2011 6:15:03 PM
OPEC talks broke down without an agreement to raise output after Saudi Arabia failed to convince other members to lift production
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Business
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Economy
6/8/2011 5:49:36 PM
Saudi Arabia and other influential Gulf nations efforts for production ceilings to be once again rise end in failure
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Business
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Economy
6/8/2011 3:56:26 PM
Unexpected decision seems to reflect unusual tensions in an organisation that usually works by consensus
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Business
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Economy
6/8/2011 10:37:10 AM
Where are OPEC states likely to stand on the issue of increasing oil production, under discussion in Vienna today?
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Business
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Economy
6/7/2011 2:53:47 PM
Kingdom may go it alone, pumping an extra 500,000 barrels a day regardless of cartel's decision this week
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Business
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Economy
6/6/2011 1:45:32 PM
OPEC's second biggest crude producer, Iran continues habit of favouring high oil prices and opposing an increase in production
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Business
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Economy
6/6/2011 1:26:15 PM
Gulf producers will argue for production rise to spur falling demand but may face opposition from price hawks Iran and Venezuela
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Business
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Economy
6/6/2011 12:35:58 PM
Poor economic stats from the world's prime oil consumer is adding to pressure for OPEC nations to introduce a quota hike in Vienna on Wednesday
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