Saudi Arabia


  • 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...

  • Iran: Fall in oil prices is 'treachery' Wednesday, 10 Dec 2014 | 6:36 AM ET

    TEHRAN, Iran— Iran's President Hassan Rouhani said Wednesday that the sharp fall in global oil prices is the result of "treachery," in an apparent reference to regional rival Saudi Arabia, which opposed production cuts. Sunni Saudi Arabia and Shiite Iran are longtime rivals that are fiercely divided over the civil war in Syria, where Iran and Russia support...

  • Oil tumbles after Morgan Stanley cuts forecast Monday, 8 Dec 2014 | 12:17 PM ET

    Oil prices fell to a five-year low on Monday, after Morgan Stanley cut its 2015 forecast for Brent crude.

  • RIYADH, Dec 8- Saudi Arabia's King Abdullah appointed new ministers for health, higher education, transport, agriculture, information and Islamic affairs on Monday as part of the kingdom's broadest reshuffle of second-tier posts in years. Sulaiman Abu al-Khail was appointed Islamic affairs minister, taking responsibility for Saudi Arabia's enormous...

  • Cramer Remix: The perfect Christmas gift stock Friday, 5 Dec 2014 | 7:17 PM ET
    Jim Cramer on Mad Money.

    Wrap it up and put on a bow, "Mad Money" host Jim Cramer thinks these stocks belong under the tree.

  • Cramer: 3 things to make oil's bull case Friday, 5 Dec 2014 | 6:57 PM ET

    Jim Cramer discussed the impact of booming jobs in the U.S. economy on oil. What will it take to be bullish on oil again? He names 3 key actions.

  • Oil war is sticky, but OPEC may be forced to act Friday, 5 Dec 2014 | 3:03 PM ET
    Workers check the valves at the Taq Taq oil field in Arbil, Iraq, in this Aug. 16, 2014 photo.

    Oil prices are expected to stabilize, but OPEC will probably be forced to cut production, analysts say.

  • The countries slammed worst by plunging oil prices Friday, 5 Dec 2014 | 1:01 PM ET
    An employee looks out over the petroleum-cracking complex at the Lukoil-Nizhegorodnefteorgsintez oil refinery in Nizhny Novgorod, Russia, Dec. 4, 2014.

    This is not a great time to be an oil producer, but some countries are hurting more than others.

  • Buying into the Bakken  Wednesday, 3 Dec 2014 | 1:15 PM ET

    Discussing the future of oil prices, with Ron Insana, Marketfy.com Editor, and CNBC's Brian Sullivan.

  • Here's what would make Saudi consider a oil output cut Wednesday, 3 Dec 2014 | 5:59 AM ET

    Saudi Arabia would only consider cutting production if other countries joined in, the former Saudi intelligence chief said on Tuesday.

  • Cramer Remix: The best stocks to own now Tuesday, 2 Dec 2014 | 7:07 PM ET

    It’s this stock, and its partner in crime, that "Mad Money" host Jim Cramer believes are heading higher.

  • T Boone Pickens tells Cramer: $100 oil will return Tuesday, 2 Dec 2014 | 6:24 PM ET
    T. Boone Pickens, chief executive officer of BP Capital Management

    As oil prices fall fast, Jim Cramer turned to T Boone Pickens for his expert opinion on where energy could be headed.

  • Another reason Iran doesn't need low oil prices Tuesday, 2 Dec 2014 | 2:20 PM ET
    A view of a petrochemical complex in Assaluyeh on Iran's Persian Gulf coast.

    Iran's budget may not be in danger from falling oil prices for now, but its position in ongoing nuclear talks could weaken.

  • DUBAI, Dec 2- Plunging oil prices could mean the first budget cuts for major exporter Saudi Arabia since 2002 but they are not expected to be large enough to stop growth in the Arab world's biggest economy. But Brent crude fell to $67 a barrel this week from $115 in June and if current prices are sustained, the budget plan for next year, expected late this month, will...

  • These stocks set to pop the most on oil comeback Tuesday, 2 Dec 2014 | 7:01 AM ET

    Recent history shows that when oil has rallied more than 10 percent over a 30-trading-day period, oilfield service companies have benefited.

  • US oil producers' 'knives are already out': Yergin Monday, 1 Dec 2014 | 4:07 PM ET
    File photo: Rig hands thread together drilling pipe at a hydraulic fracturing on the Marcellus shale rock formation in Pennsylvania.

    Oil prices won't have a big impact on U.S. oil output for now, but companies are looking where to cut, or slow down, Dan Yergin said.

  • Venezuela's future: 'Barbarity and people looting' Monday, 1 Dec 2014 | 11:50 AM ET
    A Venezuelan student throws a molotov cocktail during a protest against the government in Caracas on March 12, 2014.

    For Saudi Arabia, blocking cuts in oil production protects market share. But for Venezuela, it may mean "game over" for the economy.

  • KHOBAR, Saudi Arabia, Dec 1- Saudi Arabia said on Monday that its oil policy was based on economic principles, as speculation continued to swirl after last week's OPEC meeting of political motives aimed at other producers. Riyadh, along with its Gulf OPEC allies, resisted any OPEC output cut at the group's meeting, to maintain the exporting group market share in a...

  • Sparking a price war  Monday, 1 Dec 2014 | 8:07 AM ET

    Discussing Saudi Arabia's possible objectives with the price of oil, and the potential bottom in crude, with Kevin Book, Clearview Energy Partners.