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Saudi Arabia

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  • oil_barrells_ap_200.jpg

    The world’s top oil exporter, Saudi Arabia, appears to have cut both its oil production and export in December, according to the latest update by the Joint Organizations Data Initiative (JODI), an official source of oil production, consumption and export data.

  • China Buys Up Saudi, Russian Oil to Squeeze Iran Tuesday, 7 Feb 2012 | 6:11 PM ET
    oil_refinery_iran_200.jpg

    China is scouring the world for alternative oil supplies to replace a fall in its imports from Iran, as it seeks to negotiate lower prices from Tehran, and has been drawing heavily on Saudi Arabia.

  • Saudi Arabia Will Not Let Oil Go Above $100: Prince Monday, 6 Feb 2012 | 5:29 PM ET
    prince_alwaleed_bin_talal_140.jpg

    An "element of fear" over Iran is playing into the price of oil despite higher supply and decreasing demand, Saudi Prince Alwaleed bin Talal al Saud told CNBC Monday.

  • Iran Softens Line on Cutting Oil to Europe Sunday, 5 Feb 2012 | 2:31 PM ET
    Iranian Flag

    Iran has indicated that its threat to cut oil supplies to European states in order to pre-empt a European Union oil embargo that comes into effect in July may be only a symbolic one.

  • Iran: 'Some' European Countries to Lose Oil Imports Saturday, 4 Feb 2012 | 7:22 AM ET
    Iranian navy conducts the "Velayat-90" naval wargames in the Strait of Hormuz in southern Iran on January 1, 2012. Iran defiantly announced that it had tested a new missile and made an advance in its nuclear programme after the United States unleashed extra sanctions that sent its currency to a record low.

    A series of tit-for-tat statements between Iran and the European Union showed no signs of abating on Saturday, with the Iranian Oil Minister saying that oil exports “will certainly be cut to some European countries.”

  • Commodities Next Week: EU's Iran Embargo & Oil Prices

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks ahead to where oil, natural gas and precious metals are likely headed next week.

  • Iran Tension Will Keep Oil Prices High: Analyst Tuesday, 10 Jan 2012 | 6:30 AM ET
    Iranian navy conducts the "Velayat-90" naval wargames in the Strait of Hormuz in southern Iran on January 1, 2012. Iran defiantly announced that it had tested a new missile and made an advance in its nuclear programme after the United States unleashed extra sanctions that sent its currency to a record low.

    The tensions over Iran and threats from the West to apply sanctions on Iranian oil will see crude prices facing more of an upside risk in the near future, a commodities analyst told CNBC.

  • Persian Gulf map

    A senior Iranian official on Tuesday delivered a sharp threat in response to economic sanctions being readied by the United States, saying his country would retaliate against any crackdown by blocking all oil shipments through the Strait of Hormuz, a vital artery for transporting about one-fifth of the world’s oil supply.

  • Commodities Outlook 2012   Friday, 23 Dec 2011 | 4:00 PM ET
    Commodities Outlook 2012

    CNBC's Sharon Epperson discusses activity in the commodities markets and looks ahead to where oil and precious metals are likely headed next year.

  • Saudi Prince Buys $300M Stake in Twitter   Monday, 19 Dec 2011 | 8:00 AM ET
    Saudi Prince Buys $300M Stake in Twitter

    Saudi billionaire Prince Alwaleed bin Talal and his investment company say they are investing a combined $300 million in Twitter.

  • A woman shouts as she blocks the entry of army tanks to Tahrir Square on January 30, 2011 in Cairo, Egypt. Cairo remained in a state of flux and marchers continued to protest in the streets and defy curfew, demanding the resignation of Egyptian president Hosni Mubarek. As President Mubarak struggles to regain control after five days of protests he has appointed Omar Suleiman as vice-president. The present death toll stands at 100 and up to 2,000 people are thought to have been injured during the

    Now that the "Arab Spring" is turning into the "Arab Winter" the former prime minister writes, "the challenge emerging from the changes taking place is so big that we had better put in place a common Western strategy or we'll find that national approaches are totally irrelevant to shape events there."

  • T. Boone on Energy Independence   Wednesday, 16 Nov 2011 | 7:53 AM ET
    T. Boone on Energy Independence

    T. Boone Pickens discusses his outlook for energy and how easy it is for the United States to develop its own energy and the benefits of getting off of OPEC's oil.

  • Commodities Next Week   Friday, 11 Nov 2011 | 4:00 PM ET
    Commodities Next Week

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks ahead to where oil and precious metals are likely headed next week.

  • Commodities Next Week   Friday, 4 Nov 2011 | 4:00 PM ET
    Commodities Next Week

    CNBC's Brian Shactman discusses the day's activity in the commodities markets and looks ahead to where oil and precious metals are likely headed next week.

  • Commodities Next Week   Friday, 28 Oct 2011 | 4:00 PM ET
    Commodities Next Week

    CNBC's Bertha Coombs discusses the day's activity in the commodities markets and looks ahead to where oil and precious metals are likely headed next week.

  • Saudi Prince's Death Puts Focus on Succession Sunday, 23 Oct 2011 | 12:36 PM ET
    Saudi King Abdullah bin Abdel Aziz

    The death of Saudi Arabia’s Crown Prince Sultan brings into play the system for choosing a new heir to the country's throne, and as one of most high-profile governments still resisting changes brought on by the Arab Spring, the importance of communicating stability affects investor sentiment across the Arabian Peninsula and energy markets around the world.

  • Commodities Next Week   Friday, 21 Oct 2011 | 4:00 PM ET
    Commodities Next Week

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks ahead to where oil and precious metals are likely headed next week.

  • What JODI Tells Us About Crude Oil Production Thursday, 20 Oct 2011 | 8:02 AM ET

    Oil market traders often deal with contrasting sources of information in their quest to find real production numbers and the slightest hint of where prices may be headed. Another case in point is the release of the latest August production and intake data by the producer-consumer energy dialogue, known as the Joint Data Initiative (JODI).

  • Commodities Next Week   Friday, 14 Oct 2011 | 4:00 PM ET
    Commodities Next Week

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks ahead to where oil and precious metals are likely headed next week.

  • Saudi Arabia Looking at Buying Opportunities: FinMin Friday, 14 Oct 2011 | 8:57 AM ET
    Main roads in Riyadh are decorated with national flags and portraits of King Abdullah bin Abdul Aziz of Saudi Arabia on February 21, 2011 amid preparations to welcome the Saudi royal back as he is expected to return home later this week after convalescing in Morocco from operations in New York, according to a source close to the oil-rich Gulf monarchy. AFP PHOTO/FAYEZ NURELDINE (Photo credit should read FAYEZ NURELDINE/AFP/Getty Images)

    Saudi Arabia's sovereign wealth funds are examining acquisitions around the world, but are waiting for greater economic stability before making any definite moves, Dr. Ibrahim Al-Assaf, the country's finance minister, told CNBC Thursday.