Oil producers keep output freeze revival on standby if prices weaken
Russian Energy Minister Alexander Novak has a contrarian message for those who question the wisdom of freezing global levels of oil output.
Despite the collapse...
Saudi Arabia gives assurances on supply as oil hits $80/barrel
Saudi Arabia said on Thursday it would make sure the world is adequately supplied with oil to support global economic growth just as top...
South Africa's Zuma in Saudi to expand economic ties
South African President Jacob Zuma called for strengthening his country's economic ties with Saudi Arabia, during a visit to the kingdom on Sunday.
"While our...
Oil prices fall after news of possible oilfield expansion in Saudi
Crude prices fell in Asia Monday following a report saying Saudi Arabia could maintain its total production capacity with the expansion of an oilfield,...
Oil prices surge on fresh talk of OPEC meeting on glut
Oil prices surged Wednesday on renewed speculation about a potential cut in global production that overshadowed another rise in US crude inventories.
US benchmark West...
Foreign governments press Saudi Arabia on workers' delayed wages
Foreign governments are pressing authorities and executives in Saudi Arabia to ensure that local construction firms make delayed salary payments to thousands of workers,...
Oil prices rise
The oil market rose on Friday but gains were limited by the global supply glut and after the US Federal Reserve hinted at a...
Wall Street set to open higher as oil prices continue rise
Wall Street was set to open higher on Wednesday as crude oil prices rose for the fourth day in a row, with Brent crude...
Kuwait and Iraq say OPEC will not cut output alone
The Kuwaiti and Iraqi oil ministers said Tuesday that OPEC will not cut production unless producers outside the cartel do the same, despite the...
South Korea builder confident of $20 billion Saudi housing deal
A South Korean constructor that jointly won a $20 billion housing deal with Saudi Arabia said Monday it was confident the project would go...
