Saudi Arabia

Saudi, UAE signal no push for OPEC oil cut

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VIENNA - OPEC leader Saudi Arabia and fellow member the United Arab Emirates signaled on Wednesday they were unlikely to push for a major change in oil output at the group's meeting this week to prop up prices that have sunk by a third since June. | Video

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Saudi, UAE signal no push for OPEC oil cut 6:19pm GMT

VIENNA - OPEC leader Saudi Arabia and fellow member the United Arab Emirates signalled on Wednesday they were unlikely to push for a major change in oil output at the group's meeting this week to prop up prices that have sunk by a third since June. | Video

UPDATE 4-Saudi, UAE signal no push for OPEC oil cut 3:56pm GMT

* Iran says some OPEC members want to battle for market share

UAE sees oil price stabilizing, steps up pressure on non-OPEC 1:31pm GMT

VIENNA - Core Gulf oil producer United Arab Emirates sided with OPEC leader Saudi Arabia on Wednesday by saying the group should not panic as oil prices would soon stabilize, while ramping up pressure on non-OPEC producers to help balance global supply.

Factbox - OPEC oil ministers positions ahead of Thursday meeting 12:36pm GMT

Oil Minister Ali al-Naimi said on Wednesday he expected the oil market will "stabilise itself eventually," increasing speculation he may not push for an output cut.

UAE sees oil price stabilising, steps up pressure on non - OPEC 12:36pm GMT

VIENNA - Core Gulf oil producer United Arab Emirates sided with OPEC leader Saudi Arabia on Wednesday by saying the group should not panic as oil prices would soon stabilise, while ramping up pressure on non-OPEC producers to help balance global supply.

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Saudi, Russia pre-OPEC talks yield no oil output cut 9:02am GMT

VIENNA - Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yielded no agreement on Tuesday on how to address a growing oil glut, ending without any plan to cut output despite a collapse in prices.

Saudi's Naimi sees oil market "stabilising itself" 8:58am GMT

VIENNA, Nov 26 - OPEC leader Saudi Arabia signalled on Wednesday it was unlikely to push for a major change in oil output at the producer group's meeting this week, a day after Russia refused to cooperate in any production cut and threatened to unleash an oil price war.

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Saudi, Russia pre-OPEC talks yield no oil output cut 25 Nov 2014

VIENNA - Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yielded no agreement on Tuesday on how to address a growing oil glut, ending without any plan to cut output despite a collapse in prices.

Photo

Saudi, Russia pre-OPEC talks yield no oil output cut 25 Nov 2014

VIENNA - Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yielded no agreement on Tuesday on how to address a growing oil glut, ending without any plan to cut output despite a collapse in prices.