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• U.S. Launches Corruption Probe into Britain's BAE Tuesday, 26 Jun 2007 | 2:07 PM ET

  The U.S. justice department has launched a corruption probe into Britain's BAE Systems, a potential headache for Gordon Brown just hours before he succeeds Tony Blair as British Prime Minister.

• Dow Chemical Could Invest $20 Billion in Saudi Arabia: FT Friday, 11 May 2007 | 9:01 AM ET

  Dow Chemical is close to deal to build a $20 billion petrochemical plant in Saudi Arabia, the Financial Times reported late Thursday.

• Oil Drops for 3rd Straight Day on Higher U.S. Inventories Wednesday, 2 May 2007 | 3:20 PM ET

  U.S. crude oil futures ended lower for the third day in a row after government data showed supplies last week rose within market forecasts.

• Oil Ends Down 2% as Traders Prepare for Inventory Data Tuesday, 1 May 2007 | 4:44 PM ET

  U.S. crude oil fell 2% on Tuesday on expectations of rising supplies and a rebound in refinery throughput ahead of summer driving season in the United States, the world's biggest market.

• Oil Sells Off in Late Action While Gasoline Rallies into Close Monday, 30 Apr 2007 | 3:41 PM ET

  Crude oil futures ended lower, sliding late in a choppy session that saw May RBOB gasoline futures up sharply ahead of its contract expiration, reaching an 11-month high at one point, amid refinery snags and supply concerns.

• Saudi Arabia Arrests 172 Suspected of Planning Terror, Oil Attacks Friday, 27 Apr 2007 | 10:58 AM ET

  

  Saudi Arabia said it foiled an al Qaeda-linked plot to attack oil facilities and military bases, arresting more than 170 suspects, including some trainee pilots preparing for suicide operations.

• Saudi Investor Buys 3.3 Billion Pound HSBC Stake Monday, 16 Apr 2007 | 10:25 AM ET

  A Saudi Arabian investor has bought a 3.3 billion pound ($6.6 billion) stake in Europe's biggest bank HSBC Holdings in the past two months, and sees the stake as a long-term investment, his spokesman said.

• Mitsui Wins $763 Million Order for Saudi Railway Monday, 2 Apr 2007 | 10:41 PM ET

  Mitsui & Co.,  Japan's second-biggest trading house, has won a $763 million contract  order together with a group of companies for a railway construction project in Saudi Arabia.

• Can Saudis Still Call The Shots On Oil? Wednesday, 31 Jan 2007 | 12:00 PM ET

  If you’ve been paying attention to the oil market lately, you’ve probably spent some time scratching your head. Crude oil prices seem to fluctuate on a day-to-day basis now, leaving investors to wonder when the volatility will end – and what’s behind it.

• Saudi Oil Minister Ali Naimi Hints At Even More Production Cuts Monday, 27 Nov 2006 | 1:13 PM ET

  OPEC could make oil production cuts for the second time this year--so says the Saudi Oil Minister Ali Naimi. He says supply continues to outweigh demand. But it's not a done deal. The oil organization could wait until their December meeting in Nigeria-- to assess the impact of the October cuts--before cutting even more production