...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...
...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...
...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...
...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...
...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...
...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...
...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...
...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...
...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...
...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...
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