Saudi Arabia


  • Howard Marks: Oil prices expose 'debt's weaknesses' Friday, 19 Dec 2014 | 11:36 AM ET
    Oaktree Capital Management co-founder and Chairman Howard Marks speaks during an interview in New York, Sept. 5, 2014.

    Howard Marks thinks that the drop in oil prices could finally expose low lending standards and provide better value in the markets.

  • Saudi says oil decisions not linked to politics Thursday, 18 Dec 2014 | 10:08 AM ET

    RIYADH, Saudi Arabia— Saudi Arabia's oil chief said in comments published Thursday that there are no links between the kingdom's decision to oppose production cuts and political objectives— an apparent response to accusations last week from Shiite powerhouse Iran. Petroleum Minister Ali Naimi was quoted by the official Saudi Press Agency as saying that...

  • DUBAI, Dec 18- Saudi Arabia's powerful oil minister said on Thursday that OPEC could not cut output without the support of other big producers and attempts to get them on board had not worked. Ali al-Naimi said it was impossible for OPEC to cut alone to reverse the oil price slump-- which he called temporary-- when others were pumping more, saying that could lead to...

  • MIDEAST STOCKS-Gulf markets surge on stronger oil Thursday, 18 Dec 2014 | 8:25 AM ET

    *Saudi Arabia's finance minister says state to keep spending. *UAE companies buy back cheap shares. DUBAI, Dec 18- Stock markets in Saudi Arabia and the United Arab Emirates soared on Thursday after the price of oil rebounded and the Riyadh government eased investors' fears by saying it would continue spending heavily on economic development.

  • US and Iran could become, well, BFFs...really Wednesday, 17 Dec 2014 | 2:52 PM ET
    Robotic arms weld car bodies at the automated Khodro auto plant in Tehran, Iran, Dec. 9, 2013.

    Some observers say a less acrimonious future between the United States and Iran makes economic sense.

  • Ticking time bombs: Where oil's fall is dangerous Tuesday, 16 Dec 2014 | 10:13 AM ET
    Venezuela is one of the nations most threatened by civil unrest resulting from low oil prices. The Latin American nation has already experienced discord this year, as shown in this image of protesters in Caracas in February.

    Lower oil prices are good for some countries and bad for others. In a few, things could get ugly.

  • *Panic returns; UAE minister tries to reassure investors. *UAE markets hit 1- year lows, Oman at 2-1/ 2- year low. DUBAI, Dec 16- A fresh wave of panic selling wiped out $49 billion of stock market value across the Gulf Arab economies on Tuesday as the price of Brent crude oil dropped below $60 a barrel for the first time since 2009..

  • Saudi Arabia is playing chicken with its oil Tuesday, 16 Dec 2014 | 7:01 AM ET
    Employees work on an offshore oil platform in the Persian Gulf, off of Saudi Arabia.

    Today, Saudi Arabia is using its "oil weapon," but instead of driving up prices and cutting supply, it's doing the reverse.

  • Online ventures target global Muslim consumer market Tuesday, 16 Dec 2014 | 12:04 AM ET

    A growing minority, however, want to certify more areas of their consumption as religiously permissible- a trend that appears partly due to rising incomes in majority-Muslim areas of the Gulf and southeast Asia, as well as to expanding choices for consumers. One is Singapore- based CrescentRating, a firm which focuses on the halal travel market.

  • Cramer Remix: How you'll know when oil's bottomed Friday, 12 Dec 2014 | 7:15 PM ET
    Jim Cramer on Mad Money.

    "Mad Money" host Jim Cramer is looking for some specific signals to spot the end of the slide.

  • Cramer's guide to ending oil's hemorrhage Friday, 12 Dec 2014 | 6:42 PM ET
    Workers use machinery to move drill sections on the drilling floor of the oil derrick in the Salym Petroleum Development oil fields near the Bazhenov shale formation in Salym, Russia.

    What the heck is going on with oil? Jim Cramer can't take the slow death of oil anymore. He shares his guide to navigating this nasty commodity.

  • Commodities Next Week: No one call's oil bottom  Friday, 12 Dec 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude closed under $58 today. Consumers are said to be saving $375 million/day on fuel costs.

  • Jim Stewart: Drop in oil good thing  Friday, 12 Dec 2014 | 10:19 AM ET

    Discussing oil's shocking plunge and its impact on the economy, with New York Times Columnist Jim Stewart.

  • EU shouldn't count on Putin: Richardson  Friday, 12 Dec 2014 | 7:37 AM ET

    Former Gov. Bill Richardson, (D-N.M.), discusses his concerns about stability issues looming in the Middle East and Russia as oil prices crumble.

  • 'Not unreasonable to think oil can go lower': S&P  Thursday, 11 Dec 2014 | 6:34 PM ET

    Based on previous incidences when oil dipped to $40 a barrel in 2009, the ongoing rout in prices could continue, says Jodie Gunzberg, Global Head of Commodities at S&P Dow Jones Indices.

  • Saudi pledges $35 million for fight against Ebola Thursday, 11 Dec 2014 | 10:05 AM ET

    RIYADH, Saudi Arabia— The Islamic Development Bank says the Saudi king has pledged $35 million to help fight Ebola in hard-hit West African countries. The $35 million Saudi grant will also be used for establishing medical testing centers in Sierra Leone, Guinea and Liberia, as well as Mali. The Islamic Development Bank, which is headquartered in Saudi Arabia's...

  • *UAE, Qatar, Oman tumble in panic sell-off. *Dubai posts biggest daily loss in six years. DUBAI, Dec 11- Gulf stock markets fell sharply on Thursday as panic selling spread across the region after oil dropped to a fresh five-year low; Dubai's main index sank 7.4 percent, its biggest daily loss in six years.

  • Can oil go below $43? This expert says no  Wednesday, 10 Dec 2014 | 6:31 PM ET

    While downward pressure will continue to weigh on oil in the near future, prices are unlikely to go below $43 a barrel, says Matt Smith, Commodity Analyst at Schneider Electric.

  • Saudi oil minister: Why should we cut production? Wednesday, 10 Dec 2014 | 12:59 PM ET
    Saudi Arabian Oil Minister Ali al-Naimi

    Saudi Oil Minister Ali al-Naimi shrugged off suggestions that the country might cut production to halt tumbling prices.

  • DUBAI, Dec 10- Iranian President Hassan Rouhani has blamed unnamed countries of plotting to bring down crude prices and said the recent slump in oil prices was not based solely on economic factors. While some such as Iran and Venezuela have urged an output cut to support prices, the Organization of the Petroleum Exporting Countries decided in a meeting last...