Briefs: Saudi vows to aid oil stability
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The Saudi oil minister inaugurated a new production plant on Sunday and renewed the largest oil exporter&#39;s support for stable prices by noting that Saudi Arabia was maintaining about two million barrels in spare output capacity.
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Saudi Arabian Oil Minister Ali al-Naimi Wednesday questioned the need for OPEC oil producers to rein in oil supply, saying the cartel&#39;s reference crude price was still above its official target despite steep recent falls.
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Saudi Arabia, battling an al Qaeda  campaign, vowed on Saturday to fight terrorism to the end but  warned at a world anti-terror forum that the war in the world's  biggest oil exporter would be bitter and long.
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Saudi Arabia is urging global oil stocks be increased before the world&#39;s crude oil cartel consider cutting output. Members of the Organization of Petroleum Exporting Countries
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DUBAI, United Arab Emirates  - An Internet  statement purportedly from the Saudi wing of al Qaeda has urged  guerrillas to attack oil facilities in the world's biggest  crude exporter.
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RIYADH, Saudi Arabia, Dec. 26 -- Saudi Arabia's oil reserves, the world's largest, could increase by almost 77 percent to top 461 billion barrels in a few years, the nation's oil minister said Sunday.
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Saudi Arabia, the world&#39;s biggest oil exporter, is maintaining spare oil production capacity of about 2 million barrels a day to help avert shortages and control prices, the country&#39;s oil minister said.
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OPEC vowed Sunday 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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Oil prices steadied on Monday as OPEC  member Saudi Arabia cut exports, helping to pull the market  back from a five-month low hit earlier amid a bout of fund  selling.
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LONDON, United Kingdom -- Red-hot world oil prices simmered just above 50 dollars on Wednesday after a pledge by Saudi Arabia to lift output brought only fleeting respite to a market gripped by supply fears, analysts said.
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Red-hot oil prices during 2004, stoked by a surge in global demand and worries about disruptions to supplies, are not harming world economic growth, Saudi Arabia's oil minister Ali al-Nuaimi insisted.
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Top OPEC producer Saudi Arabia on  Wednesday questioned the need for OPEC oil producers to rein in  supply, saying the kingdom would keep crude output at current  high levels as long as customers wanted it.
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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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OPEC's top producer Saudi Arabia on  Wednesday questioned the need for the cartel to bolster oil  prices by cutting supply, saying the kingdom would keep crude  output at current high levels as long as customers wanted it.
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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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Leading OPEC producer Saudi Arabia said on Monday it had made a renewed effort to deflate record high world oil prices by upping crude output again.
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Leading OPEC producer Saudi Arabia said on Monday in Vienna, Austria, that it had made a renewed effort to deflate record high world oil prices by upping crude output again.