...âfairâ price. Prices around $75 a barrel would be âfairâ and would support investment in new fields, Saudi Arabian Oil Minister Ali al-Naimi said over the weekend. The global market is oversupplied by more than 2 million barrels a day, Iranian Oil Minister...
...nation we would like prices to remain stable and around this level," he said. Saudi Arabia's King Abdullah and oil minister Ali al-Naimi said that the world's top exporter sees $75 per barrel as a fair price for oil. OPEC, many of whose members are concerned...
...we would like prices to remain stable and around this level," he said. Saudi Arabia's King Abdullah and oil minister Ali al-Naimi said that the world's top exporter sees $75 per barrel as a fair price for oil. OPEC, many of whose members are concerned...
...the Petroleum Exporting Countries, which pumps 40% of the world's oil, meets on Dec. 17 in Oran, Algeria. Saudi Oil Minister Ali al-Naimi, speaking for OPEC's top exporter, has yet to publicly back another output cut, leaving traders uncertain about Saudi...
...cut agreed on October 24. That reduction was meant to restrict OPEC's daily output by 5.2 per cent. Saudi Oil Minister Ali al-Naimi said in Cairo that $US75 a barrel oil represents a "fair price" needed to support investment in new fields. The group's next...
...850,000 and 1.2 million barrels a day from the market out of the 1.5 million cut pledged in October, according to Dow Jones. Ali al-Naimi, oil minister of Saudi Arabia, OPEC's largest producer, said this weekend that a second production cut might not be necessary...
...the first time in years that the world's biggest exporter has identified a target for crude prices. Saudi Oil Minister Ali al-Naimi in Cairo cited this price as necessary to keep more expensive new projects at the margins of world supply on track. "I believe...
...time. Not much action was being expected from today's "consultative" meeting of OPEC nations. Saudi Arabiaâs Oil Minister Ali al-Naimi said before meeting that the gathering in Cairo was intended to prepare the ground for the December summit. On being asked...
...OPEC's first priority is to put a floor under a near-$100 collapse in oil prices to $55, Saudi Arabia for the first time in years identified a "fair" price -- $75 a barrel. "There is a good logic for $75 a barrel," said Saudi Oil Minister Ali al-Naimi....
...oil, the first time in years that the world's biggest exporter has identifed a target for crude prices. Saudi Oil Minister Ali al-Naimi said oil prices needed to return to $75 to keep the more expensive new projects at the margins of world supply on track....