Saudi sees no Opec switch from dollar
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LONDON, NOVEMBER 29: Opec will not consider switching from dollar-denominated oil sales despite the decline in the value of the US currency, the oil minister for the worldâs leading crude producer Saudi Arabia said.
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Bout of fund-led selling counters decision to cut supplies by top OPEC exporter Saudi Arabia. LONDON  - Oil prices fell to a five-month low Monday as a bout of fund-led selling countered a cut in supplies by top OPEC exporter Saudi Arabia.
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VIENNA: Opec is keeping its foot to the pedal on oil production in a bid to push crude prices back below $US40 ($NZ62) a barrel. Risking a counter-seasonal fourth quarter build in stocks, Saudi Arabia will
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VIENNA : OPEC kingpin Saudi Arabia on Monday hinted the cartel would not raise either its official production rate or the price band at a ministerial meeting, as the oil price had stabilised.
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ABU DHABI - Opec vowed yesterday to do what it can to deflate record high oil prices that have soared above $53 a barrel, and top exporter Saudi Arabia promised to keep the world supplied with as much oil as it needs.
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The Organization of Petroleum Exporting Countries (OPEC) expects to see a fall in global oil prices to as much as US$30 per barrel, its president Purnomo Yusgiantoro said here on Thursday.
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Saudi Arabiaâs oil minister appeared to rebuff the presidentâs appeal to consider the cost to the U.S. economy.
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Top oil exporter Saudi Arabia vowed Sunday to guarantee world crude supplies and said it would hold 1.5-2.0 million barrels per day of spare production in reserve.
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LONDON - The worldâs oil refiners are unimpressed by Saudi Arabiaâs boost to production capacity that would only swell supplies of sour, high sulphur crude while they hanker for sweet oil.
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OPEC sees no reason to change crude output as the nine-month high in oil prices last week was due to U.S. gasoline supply concerns and international political tension, a senior OPEC delegate said on Monday.
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Opec oil producers recommend no change in output quotas ahead of Sunday's meeting in Austria.
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VIENNA: Opec is keeping its foot to the pedal on production in a bid to drag down oil prices but may be reluctant to rubber-stamp extra supplies by lifting official output limits, Saudi Arabia said yesterday.
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OPEC is keeping its foot to the pedal on production in a bid to drag down oil prices but may be reluctant to rubber-stamp extra supplies by lifting official output limits, Saudi Arabia said on Tuesday.
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Gulf Arab countries will not be used as a launch pad for any military attack on Iran, a powerful Saudi royal was quoted as saying on Sunday.
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[Sports India, Cricket]: New Delhi, Oct.31 : The Centre has decided that it will not hike oil prices inspite of the spiralling international cost of crude.
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OPEC is keeping its foot to the pedal on  production in a bid to drag down oil prices but may be  reluctant to rubber-stamp extra supplies by lifting official  output limits, Saudi Arabia said on Tuesday.
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Saudi Arabia, the world's biggest oil exporter and a key U.S. ally, said on Wednesday the kingdom does not see any obstacle to cooperating with Russia on developing a nuclear energy program.