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'Current oil prices are sustainable'

The current oil prices at nearly $83 a barrel, which are slightly above the $70-80 band, are ideal for producers and consumers and are at sustainable levels, Saudi Arabia Minister of Petroleum and......

Saudis urge 2m b/d oil output cut

Saudi Arabia on Tuesday said oil producers needed to take about 2m more barrels a day off the market to shore up falling prices. Arriving in Oran, Algeria, ahead of an Opec ministerial meeting on......

Crude will not reach $100/barrel again, assures OPEC

The US tight oil industry has been more resilient than many had expected Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside......

India asks OPEC to raise oil production

India has asked oil cartel Organization of the Petroleum Exporting Countries to raise crude oil production to stem the relentless rise in international oil prices that have threatened to derail......

Saudi Arabia to raise oil reserves

Saudi Arabia, which has the world's largest oil reserves, has said that it may increase its stock by around 200 billion barrels and was also mulling investment in building refineries in India among......

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Naimi

News for Naimi

'Current oil prices are sustainable'

Saudis urge 2m b/d oil output cut

Crude will not reach $100/barrel again, assures OPEC

India asks OPEC to raise oil production

Saudi Arabia to raise oil reserves

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