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OPEC approves cutting oil production

...hopes of staving off further price declines without triggering a new buying frenzy, delegates said. Saudi Oil Minister Ali Naimi said the reduction will be implemented starting Jan. 1. He told reporters the Organization of Petroleum Exporting Countries...

http://chronicle.augusta.com/stories/2004/12/11/bus_436875.shtml
Business
Sentiment grows to cut oil overproduction

...sentiment in favor of a reduction. "Our objective is to keep the market balanced and keep it stable," Saudi Oil Minister Ali Naimi said in Cairo where the Organization of Petroleum Exporting Countries is due to meet on Friday. Saudi Arabia produces...

http://chronicle.augusta.com/stories/2004/12/09/bus_436683.shtml
Business
Saudi oil reserves could top 461 billion barrels

...said Sunday. "There are big chances to increase the kingdom's produceable oil reserves by 200 billion barrels," Ali Naimi said in a statement issued after he inaugurated new oil fields in eastern Saudi Arabia. "This will come either through...

http://chronicle.augusta.com/stories/2004/12/27/bus_438239.shtml
Business
OPEC considers necessity of output cut

...something that might surprise U.S. motorists who are paying record prices for gasoline. Saudi Arabian oil minister Ali Naimi said the 11-member Organization of Petroleum Exporting Countries should stick with its earlier decision to trim its...

http://chronicle.augusta.com/stories/2004/03/31/bus_410551.shtml
Business
Saudi oil minister says $30-$34 per barrel is 'fair' price for oil

...he added that the group had no plans to change its preferred benchmark price range of $22-$28. Saudi Oil Minister Ali Naimi also denied any differences within the Organization of Petroleum Exporting Countries over Saudi Arabia's pledge over...

http://chronicle.augusta.com/stories/2004/05/25/bus_416680.shtml
Business
Oil market eyes Saudi Arabia

...would likely surge well above today's prices.Oil futures fell Tuesday as OPEC ministers, including Saudi Arabia's Ali Naimi, discussed an increase in production. The benchmark in the U.S., West Texas Intermediate crude for April delivery...

http://chronicle.augusta.com/news/business/2011-03-08/oil-market-eyes-saudi-arab
Business
OPEC to raise output ceiling by 2 million barrels a day

...barrels a day) effective August 1 and we will meet to review future action on July 21 in Vienna," Saudi Oil Minister Ali Naimi said. OPEC representatives from Qatar, Nigeria and the United Arab Emirates confirmed the decision before the group...

http://chronicle.augusta.com/stories/2004/06/04/bus_417778.shtml
Business
OPEC to keep 30 million barrel output target

...the added burden of expensive energy.Saudi-Iranian tensions are an embarrassment to OPEC, and Saudi Oil Minister Ali Naimi refused to answer questions on the issue as he prepared to join the meeting Thursday. But he earlier denied tightening...

http://chronicle.augusta.com/news/business/2012-06-14/opec-keep-30-million-barre
Crude prices fall as market eyes OPEC, Iraq

...day. OPEC members have suggested the group may not cut output quotas further because prices are already high enough. Ali Naimi, oil minister for the group's largest producer, Saudi Arabia, said Thursday that members will wait until the March...

http://chronicle.augusta.com/stories/2005/01/29/bus_441205.shtml
Business
OPEC leaves oil output target intact for three months

...inventories are on the high side (and) the price is within the band. We don't need to do anything," Saudi Oil Minister Ali Naimi told reporters. Naimi, whose country is OPEC's largest producer, said he was "very comfortable" and "relaxed...

http://chronicle.augusta.com/stories/2002/03/16/bus_338971.shtml
Business