Saudi Arabia

Inside OPEC room, Naimi declares price war on U.S. shale oil

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VIENNA - Saudi Arabia's oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers. | Video

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Inside OPEC room, Naimi declares price war on U.S. shale oil 28 Nov 2014

VIENNA - Saudi Arabia's oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers.

Inside OPEC room, Naimi declares price war on U.S. shale oil 28 Nov 2014

VIENNA, Nov 28 - Saudi Arabia's oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers.

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Saudis block OPEC output cut, sending oil price plunging 28 Nov 2014

VIENNA - Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low. | Video

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Saudis block OPEC output cut, sending oil price plunging 27 Nov 2014

VIENNA - Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low. | Video

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Saudis block OPEC output cut, sending oil price plunging 27 Nov 2014

VIENNA - Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low. | Video

UPDATE 8-Saudis block OPEC output cut, sending oil price plunging 27 Nov 2014

* Saudis battling for share in oversupplied market (Adds Venezuela's Ramirez)

UPDATE 2-MIDEAST STOCKS-Gulf in sell-off on OPEC pessimism 27 Nov 2014

DUBAI, Nov 27 - Saudi Arabia's bourse followed other Gulf markets and fell in early trade on Thursday as investors' hope that OPEC would cut oil output to boost the price at a meeting in Vienna waned, while Egypt extended gains.

UAE sees oil price stabilizing, steps up pressure on non-OPEC 26 Nov 2014

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 26 Nov 2014

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.

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Bombs, gunfire kill 81 at crowded mosque in Nigeria's Kano

KANO, Nigeria - Gunmen set off three bombs and opened fire on worshippers at the main mosque in north Nigeria's biggest city Kano on Friday, killing at least 81 people, witnesses and officials said, in an attack that bore the hallmarks of Islamist Boko Haram militants.