Saudi Arabia


  • The choice of 69- year-old Muqrin for crown prince and 55- year-old Mohammed bin Nayef for deputy crown prince resolved the most important dilemma in the dynasty's recent history- how to jump from sons of its founder, King Abdulaziz, to his grandsons. The most important change appears to be the creation of two new super-committees that give Mohammed bin Nayef...

  • SEOUL, Feb 12- U.S. crude futures rose above $49.50 a barrel on Thursday as the Ukraine army suffered some of the heaviest losses in the nine-month war, and Saudi Arabia and Russia's energy giant Gazprom discussed cooperation between OPEC and non- OPEC oil producers. *The leaders of France, Germany, Russia and Ukraine held peace talks in Belarus on Wednesday, while...

  • Commodities next week: Crude up, nat gas down  Friday, 6 Feb 2015 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude finished up for the week as refinery strikes continued.

  • Where are oil prices headed from here? Friday, 6 Feb 2015 | 2:27 PM ET
    Workers prepare drilling pipe on the Petroleos Mexicanos (Pemex) La Muralla IV deep-sea oil platform in the waters off Veracruz, Mexico, Aug. 30, 2013.

    Have oil prices bottomed? As CNBC Explains, it's anybody's guess.

  • Saudis won't blink over oil production: Barclays  Thursday, 5 Feb 2015 | 7:00 PM ET

    Miswin Mahesh, oil analyst at Barclays, says Saudi Arabia will not cut oil production, leading to weakness in the price during the first half of the year.

  • Oil volatility hits industry as ‘price war’ weighs Thursday, 5 Feb 2015 | 6:59 AM ET
    A floor hand for Raven Drilling works on an oil rig, drilling into the Bakken shale formation outside Watford City, North Dakota.

    The rollercoaster ride in oil prices continued on Thursday, after the market tumbled on news that U.S. inventories were at a near-80 year high.

  • Saudi Fin Min talks US relations after 9/11 rumors  Thursday, 5 Feb 2015 | 5:10 AM ET

    Ibrahim bin Abdulaziz Al-Assaf, finance minister of Saudi Arabia, discusses his country's relationship with the U.S., following rumors that Saudi royals funded the 9/11 attacks.

  • Saudi Arabia a 'pillar of stability': Fin Min  Thursday, 5 Feb 2015 | 1:30 AM ET

    Saudi Arabia is a "pillar of stability" among the geopolitical turmoil in the Middle East, the country's finance minister, Ibrahim bin Abdulaziz Al-Assaf, told CNBC.

  • Saudi Arabia's Finance Minister, Ibrahim bin Abdulaziz Al-Assaf, says the country has buffers and reserves in place to deal with the low oil price.

  • *Payout may total up to 70 billion riyals. DUBAI, Jan 31- A lavish payout to public employees ordered by Saudi Arabia's new King Salman will help to sustain the kingdom's consumer boom and reassure financial markets that the government is not slashing expenditure in the face of low oil prices. The announcement did not give a monetary figure, but Saudi Arabia's 860...

  • Commodities Next Week: Major oil spike  Friday, 30 Jan 2015 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up big on the day as traders buzzed about OPEC comments. Nat gas was hit again as temperatures warmed up. And gold had a slight rebound on the day.

  • ISIS & Kirkuk threat hit oil  Friday, 30 Jan 2015 | 2:43 PM ET

    John Kilduff, Founding Partner; CNBC Analyst, Again Capital, says rumors of ISIS on the move and a threat to Kirkuk in Iraq pushed oil higher on the day. If the rumors prove to be false, he says, oil will fall back.

  • Sen. McCain: Arm free Syrian army  Wednesday, 28 Jan 2015 | 8:31 AM ET

    We need a strategy, says Sen. John McCain, (R-Ariz.), discussing transition in Saudi Arabia amid instability in the Middle East and ISIS terror attacks.

  • Brent crude oil has slid nearly 60 percent since June on ample global supplies and OPEC's decision to keep its production ceiling unchanged. OPEC's largest producer, Saudi Arabia in November refused to cut its output to arrest the price slide and decided instead to focus on market share. Falih said the imbalance in the oil market had nothing to do with Saudi...

  • President Barack Obama met with Saudi Arabia's King Salman on Tuesday to pay respects to the late King Abdullah and bolster a relationship that now stretches well beyond oil interests to security cooperation across the volatile Gulf Arab region. Saudi Arabia, the Middle East's top Sunni power, has been anxious over the possibility that the talks would lead to...

  • Why the chaos in Yemen matters to investors Tuesday, 27 Jan 2015 | 3:30 PM ET
    Houthi rebel fighters patrol a road in Sanaa January 23, 2015.

    The political turmoil in Yemen may seem a peripheral issue, but it has global and regional implications spanning energy and security.

  • Yemen: A 'painful headache'?  Tuesday, 27 Jan 2015 | 11:35 AM ET

    Crispin Hawes, managing director at Teneo Intelligence talks about the tensions that have been rising in Yemen, saying that this will be a "painful headache" for the new Saudi Arabian king.

  • King’s death won’t thwart Saudi women’s rights Tuesday, 27 Jan 2015 | 11:20 AM ET
    Saudi women leave mall in Riyadh before taking taxi as elsewhere a grassroots campaign planned to call for an end to the driving ban for women in Saudi Arabia.

    King Abudullah blazed the trail for women in Saudi Arabia and his death won't be a setback for women's rights, says this real-estate investor.

  • Saudi succession hints at shift in foreign role Tuesday, 27 Jan 2015 | 11:11 AM ET
    Prince Mohammed bin Nayef (C), Saudi Deputy Crown Prince, takes part in the funeral of Saudi King Abdullah bin Abdulaziz in Riyadh January 23, 2015.

    Prince Mohammed embodies Saudi Arabia's shift to a more assertive foreign policy, propping up allies and dismantling foes.

  • The new shale frontier?  Tuesday, 27 Jan 2015 | 5:40 AM ET

    As top U.S. officials head to Saudi Arabia, CNBC's Hadley Gamble reports on Saudi Aramco and whether Saudi Arabia will be the "new frontier in shale production."