Kuwaitis, Saudis pledge oil help
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Two OPEC members are pledging to increase supply or boost reserves as oil prices spiral higher, according to media reports Sunday.
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American and Iraqi officials joined Iraq&#39;s Middle Eastern neighbors on Tuesday to call for international support for Iraq&#39;s transition
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Saudi Oil Minister Ali al-Naimi said in Abu Dhabi yesterday that his country was ready to meet rising demand for crude oil to ease the surge in world prices.
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ABU DHABI Saudi Arabia, Kuwait and the United Arab Emirates vowed Sunday to go on expanding their production capacity to deflate record oil prices of above $53 a barrel, and Saudi Arabia, the biggest exporter, said it could bring on 1.5 million barrels a
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OPEC oil ministers yesterday backed steps to end overproduction when members of the oil cartel meet in Cairo today. Saudi Arabia and others were authorised to open the taps in August as
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CAIRO  - OPEC oil producers were closing in on a deal to reduce oil production to bring it closer to official quotas, which will be left unchanged, Kuwaiti Energy Minister Sheikh Ahmad Fahd al-Sabah said.
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President Bush is hopeful that after talks with Saudi King Abdullah OPEC will authorize an increase in oil production to ease pressure on prices.
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Saudi Arabia said Sunday it is seeking stable oil prices in the international market for the sake of consumers and producers. Saudi Oil Minister Ali al-Nuaimi said during
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Kuwaiti FM says his country is producing oil at maximum capacity to try to stabilise oil prices. NEW DELHI - Kuwait&#39;s foreign minister said Wednesday his government was pumping crude to maximum capacity to
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Saudi Arabia will raise oil production only when the market justifies it, the kingdom's oil minister said Tuesday, in response to President Bush's request that OPEC nations increase output to reduce world oil prices.
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Saudi Arabia, the most powerful member of the Organisation of the Petroleum ExportingCountries, said yesterday thatglobal oil stocks needed to increase before Opec
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Kuwait would back a hike of 1 million barrels per day (bpd) in Opec&#39;s oil output ceiling if crude prices remained at record levels, it said yesterday in a move
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Saudi Arabia and other Gulf Arab states back a token rise in OPEC oil output in a gesture to consumer nations worried by the economic impact of $76 oil and rapidly diminishing stocks, an OPEC source said on Monday.
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Oil-rich Saudi Arabia pledged on Tuesday a $10 million aid package to victims of the tsunami disaster in Asia, which officials say has killed more than 59,000 people and affected millions of others.
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Saudi Arabia&#39;s de facto ruler, Crown Prince Abdullah, has vowed the top oil producer would crush al Qaeda militants and called on its citizens to stand united against all threats.
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Saudi Arabia sponsored the talks, which aim to coax the two Palestinian factions to agree on a unity government.
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NEW YORK, December 27  - Saudi Arabiaâs oil reserves could increase 77% to 461 million barrels in a few years, since the oil rich country continues to maintain spare capacity of two million barrels per day to help control the global