GO
Loading...

Saudi Arabia

More

  • *Kuwait is placing restrictions on Chevron's operations- sources. DUBAI/ KHOBAR, Saudi Arabia Oct 21- Saudi Arabia's closure of an offshore oilfield it shares with Kuwait has revived speculation of renewed tensions between the two, and put Chevron's role in the shared Neutral Zone in focus. Any differences between the two OPEC allies are watched closely by oil...

  • Saudi crude exports have been sliding in the past few months as shale oil squeezes Saudi oil out of U.S. markets and as demand in Asia, particularly in China, has been slower than expected. North America's shale boom has started to squeeze Saudi oil out of the U.S. market, the International Energy Agency said in a report last month, estimating Saudi exports would run...

  • Oil market crush     Tuesday, 14 Oct 2014 | 2:49 PM ET

    Discussing what's behind the decline in oil, with Andy Lipow, Lipow Oil Associates. Lipow expects WTI to fall below $80 a barrel.

  • WASHINGTON, Oct 14- Two Americans shot in Saudi Arabia were employees of U.S. defense contractor Vinnell Arabia, a senior State Department official said on Tuesday. One employee was killed and the other slightly injured after being shot at a gas station near the Vinnell Arabia base in Riyadh, about 20 miles from the U.S. embassy, the official said on condition of...

  • RIYADH, Oct 14- Plans by Saudi Arabia's biggest bank for a $6 billion initial public offer of shares, the largest-ever equity sale in the Arab world, have run into religious controversy with some clerics suggesting it violates Islamic principles. "The conflict between religion and the economy in the kingdom has been negative for a long time, but this will not stop...

  • DUBAI, Oct 14- Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters in the 1980 s, the world's top oil exporter Saudi Arabia is determined not to make the same mistake again. Three decades ago, the spike in prices caused by the 1973 Arab oil embargo and Iran's 1979 revolution sapped global oil demand,...

  • RPT-COLUMN-The Saudi oil enigma: Kemp Tuesday, 14 Oct 2014 | 8:01 AM ET

    LONDON, Oct 14- "I cannot forecast to you the action of Russia. Much the same can be said about Saudi Arabia- one of the most compulsively secretive countries in the world at the start of the 21st century. The first myth is that there is a "grand bargain" in which Saudi Arabia provides a secure, reliable and affordable oil supply in exchange for a U.S. security guarantee.

  • LONDON, Oct 14- The world will see much weaker oil demand growth in 2015 than forecast previously, the International Energy Agency said on Tuesday, adding that oil prices may drop further. Oil prices fell for a third straight month in September, and benchmark Brent prices have reached a four-year low of around $88 per barrel in October on abundant supply, slowing...

  • SEOUL, Oct 14- U.S. crude futures fell to around $85 a barrel on Tuesday in early Asian trade on persistent concerns about a possible oil supply glut, easing despite some support from strong import figures from China. *Brent November crude lost 64 cents a barrel at $88.25 after it ended $1.32 lower at $88.89 a barrel, having slumped to $87.74, the lowest front-month...

  • COLUMN-The Saudi oil enigma: Kemp Monday, 13 Oct 2014 | 8:01 PM ET

    LONDON, Oct 14- "I cannot forecast to you the action of Russia. Much the same can be said about Saudi Arabia- one of the most compulsively secretive countries in the world at the start of the 21st century. The first myth is that there is a "grand bargain" in which Saudi Arabia provides a secure, reliable and affordable oil supply in exchange for a U.S. security guarantee.

  • DUBAI, Oct 14- Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters in the 1980 s, the world's top oil exporter Saudi Arabia is determined not to make the same mistake again. Three decades ago, the spike in prices caused by the 1973 Arab oil embargo and Iran's 1979 revolution sapped global oil demand,...

  • Oil should stay cheap for at least a few months Monday, 13 Oct 2014 | 4:26 PM ET

    Oil prices should stay at their currently low levels, or drop further, due to a "perfect storm" of risk factors.

  • DUBAI, Oct 13- Most major stock markets in the Middle East rebounded on Monday, led by bourses in Dubai and Saudi Arabia, as global equities stabilised and several companies in the region reported strong quarterly earnings. The main indexes in Dubai and Saudi Arabia plunged 6.5 percent. But although Dubai tumbled as much as 2.7 percent early on Monday, it closed 1.9...

  • Saudis tell oil market: Get used to lower prices Monday, 13 Oct 2014 | 10:49 AM ET

    Saudi Arabia is telling oil market participants that it's fine with lower oil prices for an extended period.

  • LONDON/ NEW YORK, Oct 12- Saudi Arabia is quietly telling oil market participants that Riyadh is comfortable with markedly lower oil prices for an extended period, a sharp shift in policy that may be aimed at slowing the expansion of rival producers including those in the U.S. shale patch. Some OPEC members including Venezuela are clamoring for urgent production...

  • Don't panic over oil: T. Boone Pickens Thursday, 9 Oct 2014 | 3:48 PM ET

    With oil plunging to multiyear lows, oil and gas entrepreneur T. Boone Pickens said now is not the time to panic.

  • Oil price war coming?     Monday, 6 Oct 2014 | 10:27 AM ET

    Discussing the economic environment for oil prices, and Saudi Arabia's position in the industry, with John Kilduff, founding partner at Again Capital.

  • CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week. The oversupply of oil continues to drive down prices.

  • SINGAPORE, Oct 3- Gold was poised for a fourth weekly loss in five on Friday as the dollar rallied to another weekly gain, while robust U.S. economic data also curbed the metal's safe-haven appeal. *Spot gold slipped $1 to $1,212.15 an ounce by 0045 GMT. *SPDR Gold Trust, the top gold-backed exchange-traded fund and a good proxy for investor sentiment, said its holdings...

  • Saudis defend market share as oil plunges     Thursday, 2 Oct 2014 | 3:00 PM ET

    CNBC Executive News Editor Patti Domm explains the big moves in the oil market, and why increased U.S. production and a strong dollar has pushed crude into bear market territory.