Business News Saudi Arabia

  • *OPEC- led supply cuts have supported crude prices. *Surging U.S. stocks may undermine OPEC efforts. The forecast could undermine oil markets which have been receiving support from supply cuts by the Organization of the Petroleum Exporting Countries, including top exporter Saudi Arabia, and major non- OPEC producer Russia.

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  • *OPEC- led supply cuts support crude prices. *Surging U.S. stocks may undermine OPEC efforts. LONDON, Jan 16- Oil prices steadied on Wednesday after climbing about 3 percent in the previous session on expectations that OPEC- led production cuts will tighten supply and that possible Chinese stimulus might help the global economy.

  • *S.Korea' s Iran oil imports stay at zero for a fourth month. *Iran oil imports in 2018 fall 60.4 pct to 7.15 mln tonnes. *S.Korea to buy abt 2 mln bbls Iran condensate in Jan- source.

  • *China reports slump in import-export data. *OPEC- led supply cuts provide some support. NEW YORK, Jan 14- Oil prices fell more than 2 percent on Monday, taking a pause after a recent rally, pressured by data showing weakening imports and exports in China that raised new worries about a global economic slowdown hurting crude demand.

  • *China reports slump in import-export data. *OPEC- led supply cuts provide some support. NEW YORK, Jan 14- Oil prices fell about 1 percent on Monday, pressured by data showing weakening imports and exports in China that raised new worries about a global economic slowdown hurting crude demand.

  • *OPEC- led supply cuts provide some support. *Saudi energy minister says no need for early OPEC meeting. LONDON, Jan 14- Oil slipped to around $60 a barrel on Monday after data showed weakening imports and exports in China, the world's second-largest oil consumer, raising the prospect of a slowdown in fuel demand.

  • *U.S. talks with Doha to supply Germany with LNG- official. DUBAI/ DOHA, Jan 14- The United States wants Qatar, the world's top liquefied natural gas supplier, to challenge Russia's gas dominance in Europe, a U.S. administration official said on Monday. Energy Secretary Dan Brouillette told Reuters that the United States is talking with Doha about supplying Europe...

  • *OPEC- led supply cuts provide some support. *Saudi energy minister says no need for early OPEC meeting. LONDON, Jan 14- Oil slipped to around $60 a barrel on Monday after data showed weakening imports and exports in China, the world's second-largest oil consumer, raising the prospect of a slowdown in fuel demand.

  • Saudi energy minister expresses concern that geopolitics will affect oil market

    CNBC's Hadley Gamble reports from Abu Dhabi on the reaction from energy ministers to Secretary of State Mike Pompeo's trip to the Middle East and his meeting with the Crown Prince Mohammed Bin Salman.

  • ABU DHABI, Jan 14- Saudi Arabia's Energy Minister Khalid al-Falih said that oil demand remains strong and that he sees no impact from U.S.- China trade tensions. "The global economy is strong enough, I'm not too concerned. If a slowdown happens, it will be mild, shallow and short, "he told reporters in Abu Dhabi on Monday.

  • *OPEC- led supply cuts provide some support. *Saudi energy minister says no need for early OPEC meeting. LONDON, Jan 14- Oil slipped to around $60 a barrel on Monday after data showed weakening imports and exports in China, the world's second-largest oil consumer, raising the prospect of a slowdown in fuel demand.

  • DOHA, Jan 13- Qatar Investment Authority aims to raise investments in the United States to $45 billion in the next two years as it rebalances its portfolio of assets away from Europe, its chief executive said on Sunday. Mahmoud's predecessor Sheikh Abdullah bin Mohamed bin Saud al-Thani in 2015 committed to invest $45 billion in the U.S. over a five-year period.

  • Khalid Al-Falih, Saudi Arabia's energy and industry minister, arrives ahead of the 174th Organization Of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Friday, June 22, 2018.

    OPEC members, along with several non-OPEC countries like Russia, in December agreed on output cuts totaling 1.2 million barrels per day.

  • Outside the United Nations office buildings in Bangkok. The UN said on Jan. 9, 2019 that it was investigating the case of 18--year-old Saudi woman Rahaf Mohammed al-Qunun seeking asylum, after her plea against deportation.

    An 18-year-old Saudi woman who said she was abused by her family and feared for her life if deported back home left Thailand on Friday night for Canada, which has granted her asylum.

  • WASHINGTON, Jan 11- The United States plans to jointly host a global conference focused on the Middle East, particularly Iran, next month in Poland, the U.S. State Department said on Friday. Secretary of State Mike Pompeo told Fox News in an interview to air on Friday that the meeting would "focus on Middle East stability and peace and freedom and security here in this...

  • BEIJING, Jan 11- Nissan Motor Co Ltd has broadened its investigation into ousted chairman Carlos Ghosn to include dealings that took place in the United States, India and Latin America, three people with knowledge of the inquiry said. In one aspect of their internal probe, company investigators are looking into decisions made in the United States by Jose Munoz...

  • A view of Riyadh, Saudi Arabia.

    In a part of the world better known for towering skyscrapers and oil than for its startup scene, Gulf Arab entrepreneurs might be seeing bright times ahead.

  • *Iran oil exports set to rise amid sanction waivers. SINGAPORE, Jan 11- Oil prices slipped on Friday as concerns over economic growth were rekindled after talks fell short of offering concrete steps to end the Sino-U.S. trade conflict, although OPEC- led production cuts bolstered sentiment in crude markets. International Brent crude futures were at $61.22 per...

  • SINGAPORE, Jan 11- U.S. oil prices edged down on Friday as concerns over economic growth were rekindled after talks fell short of offering concrete steps to end the Sino-U.S. trade conflict, although OPEC- led production cuts bolstered sentiment in crude markets. West Texas Intermediate crude futures had slipped 23 cents, or 0.4 percent, from their last...