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Saudi Arabia's Oil Minister Ali al-Naimi arrives to a meeting between OPEC and non-OPEC oil producers, in Doha

Oil price tumbles as Doha meet ends without deal

Talks collapsed without reaching an agreement on freezing the output until October 2016 at levels recorded in January, following Saudi Arabia’s insistence that Iran also should sign the deal.

April 18, 2016 3:17
Oil Barrels on black background with reflection and Depth of field.

Doha oil meeting: what’s the point?

Some analysts predict that the outcome of the meeting will be less likely to impact the global oil market in the long term.

April 14, 2016 5:14
Hand with calculator. Finance and accounting business.

Dubai Islamic Bank to test Gulf debt markets post oil slump

Stock markets in Dubai and Saudi Arabia have slipped by 19.4 percent and 11 percent respectively since the OPEC gathering

January 7, 2015 11:00
Fireworks in any festival in the world

Oil prices fall to five-year lows

Brent on track for biggest annual drop since 2008

December 30, 2014 12:27
Falling Oil Prices

Falling oil prices: No need for worry

We should not panic, says OPEC secretary general

October 29, 2014 4:54

OPEC rivalries bring difficult struggle

"It is not going to be easy," said an OPEC source, referring to whether the panel will be able to recommend a candidate. "For a secretary general to be appointed, all 12 have to agree."

October 22, 2012 3:26

UAE committed to supplying customers with oil needs

Ali al-Naimi, Oil Minister of the world's top exporter Saudi Arabia, expressed concern on Monday about high oil prices and said the kingdom would take steps to moderate them.

September 24, 2012 10:14
Saudi Arabia lowering oil prices

Saudi Arabia acting to lower oil prices

"We would like to see the price coming down and we are working to bring it down," said the Gulf source.

September 18, 2012 2:34

Saudi to supply full October crude to one Asia buyer

Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to at least one Asian term buyer in October, unchanged from September, an industry source familiar with the matter said on Monday.

September 10, 2012 9:51
opec saudi viena

Gulf OPEC big three raise August oil output by 400,000 barrels per day

Oil output by the big three Gulf producers saw a net increase of around 400,000 barrels per day (bpd) in August from July as a sharp rise in Kuwaiti output outweighed cuts by Saudi Arabia and the United Arab Emirates (UAE), industry sources said.

September 9, 2012 5:22