Saudi Arabia


  • *Washington considers air strike request, allies caution against. TIKRIT, Iraq, June 19- Iraqi government forces battled Sunni rebels for control of the country's biggest refinery on Thursday as Prime Minister Nuri al-Maliki waited for a U.S. response to an appeal for air strikes to beat back the threat to Baghdad.

  • Why experts feel this sector may be getting too hot Monday, 16 Jun 2014 | 6:21 PM ET
    Traders on the floor of the New York Stock Exchange.

    Energy stocks may be getting too rich and could quickly give up gains if the Iraq situation is defused, some analysts said.

  • *Higher oil prices due to Iraq could even benefit Gulf. Markets' reaction to the insurgency in Iraq suggest they may finally have succeeded. At the very least, the turmoil in Iraq looks set to widen the Sunni-Shi'ite divide which has poisoned politics across the region.

  • MANAMA, June 16- When Bahrain announced plans last December to cut fuel subsidies, it was a rare step towards economic reform in a region where lavish cradle-to-grave welfare systems are the norm.

  • RIYADH/ LONDON, June 12- When Saudi Arabia announced last week it had found 113 more cases of the deadly Middle East Respiratory Syndrome, it didn't just force a rethink of the threat the virus poses, it exposed institutional failings.

  • 'No risk' for oil price: Saudi oil minister     Wednesday, 11 Jun 2014 | 4:45 AM ET

    Ali bin Ibrahim Al-Naimi, Saudi oil minister, says that there is "no risk" for the oil price at the moment and that only speculation makes the price fluctuate.

  • *OPEC set to leave 30 million bpd output ceiling as is. VIENNA, June 10- An oil price comfortably over $100 a barrel leaves smiling OPEC ministers with an easy task to leave things as they are on output policy at their Wednesday meeting.

  • Who's happy about oil over $100? OPEC, of course Tuesday, 10 Jun 2014 | 9:39 AM ET
    OPEC headquarters in Vienna, Austria.

    Oil sitting comfortably over $100 a barrel leaves OPEC ministers with an easy task to leave output steady at their meeting.

  • *OPEC set to leave 30 million bpd output ceiling as is. VIENNA, June 10- An oil price comfortably over $100 a barrel leaves smiling OPEC ministers with an easy task to leave things as they are on output policy at their Wednesday meeting.

  • Will oil exports cut your energy bill? Some say no Sunday, 8 Jun 2014 | 12:00 PM ET
    Oil tanker at the Port of Long Beach, Calif.

    Advocates for more oil exports say it will lower U.S. energy costs. Not so fast, say their opponents.

  • Why Buffett, Apple & Google love the Mojave Desert Wednesday, 4 Jun 2014 | 1:48 PM ET
    This solar thermal power-tower system at the Ivanpah Solar Electric Generating System in the Mojave Desert near Primm, Nev., is the largest in the world and is owned by Google, NRG Energy and BrightSource Energy.

    The U.S. is the third-largest solar market, and it's growing rapidly because of private investment and federal support.

  • MERS: Controlling a virus with a 30% fatality rate Friday, 16 May 2014 | 11:55 AM ET
    This undated electron microscope image made available by the National Institute of Allergy and Infectious Diseases - Rocky Mountain Laboratories shows a novel coronavirus particle, also known as the MERS virus.

    It's new, it's undoubtedly deadly. But is MERS creating too much panic? That may be the case, says one expert.

  • DOHA, May 15- Saudi Arabia said that 10 more people infected with Middle East Respiratory Syndrome had died over the last two days and identified 20 new cases of the virus, pushing the total number of infections in the country to 511..

  • Egypt national elections offer hope: EFG co-head Wednesday, 14 May 2014 | 7:03 AM ET
    Abdel-Fattah el-Sissi

    The co-chief executive of EFG Hermes told CNBC that Egypt was undergoing political rejuvenation, meaning it had a lot to offer investors.

  • KHOBAR, Saudi Arabia, May 13- Saudi Basic Industries Corp expects its planned oil-to-chemicals plant to start operations by the end of 2020, it said on Tuesday.

  • DIARY - Top Economic Events to May 26 Monday, 12 May 2014 | 8:01 PM ET

    RIYADH, Saudi Arabia- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on the economic outlook before the American Business Group of Riyadh- 0430 GMT.

  • *Naimi: OPEC should keep its 30- mln-bpd output cap unchanged at June meet. SEOUL, May 12- Top global oil exporter Saudi Arabia will step in to cover any potential shortage arising from the Ukraine crisis, its oil minister said on Monday.

  • KUWAIT, May 11- Saudi Arabia said people handling camels should wear masks and gloves to prevent spreading Middle East Respiratory Syndrome, issuing such a warning for the first time as cases of the potentially fatal virus neared 500 in the kingdom.

  • DIARY - Emerging Markets Economic Events to May 22 Thursday, 8 May 2014 | 8:02 PM ET

    May 9- For other related diaries, please. SEOUL- Bank of Korea holds Monetary Policy Committee Meeting- 0100 GMT. Treasury Secretary Jack Lew visits China.

  • DIARY - Top Economic Events to May 21 Thursday, 8 May 2014 | 8:01 PM ET

    ST. PAUL, United States- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota gives keynote address for a recognition event before the Council on Asian Pacific Minnesotans 2014 Asian Heritage Dinner.