Saudi oil minister considers raising energy prices in Saudi Arabia
Saudi Arabia is looking at raising domestic energy prices, Oil Minister Ali al-Naimi said on Tuesday, confirming that the kingdom could cut a lavish...
Global stocks fail to find solid footing after meltdown
Stocks worldwide resumed their downward slide Tuesday a day after a massive sell-off as investors failed to shake off dogged fears over economic weakness,...
Oil prices slip on Chinese demand concerns, weak Saudi exports
Oil prices fell on Monday on concerns about the pace of economic growth in China, the world's largest energy consumer, and signs that global...
Oman cuts 2016 spending as oil prices fall
Oman will cut spending this year by 15.6 percent in the face of lower oil prices but still face a huge deficit after posting...
Nigeria's President Buhari in Saudi for oil talks
The leader of Africa's number one oil producer was in Saudi Arabia Tuesday, with analysts forecasting his country's eventual support for an output freeze...
How Saudi Arabia plans to shake up its economy
In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia's economy...
Paris attacks weighon Airline and travel stocks but impact seen short-lived
Airline and travel-related stocks tumbled in Asia Monday following the deadly terror attacks in Paris, but analysts and industry players said they expect the...
Russian deputy PM outcome of OPEC meeting will not have impact on oil prices
The outcome of the Thursday's meeting of the Organization of the Petroleum Exporting Countries in Vienna won't have any impact on global oil prices,...
Oil prices wobble as traders await OPEC
World oil prices diverged Tuesday but held below the key level of $50 per barrel, as traders eyed this week's crucial OPEC oil meeting...
Saudi Yasref Oil Plant Running at Capacity as Margins Improve
Yasref oil refinery, a joint venture between Saudi Arabian Oil Co. and China Petroleum & Chemical Corp., is processing crude at full capacity of...
