OPEC holds third International Oil Exhibition in Riyadh
Ali Al-Naimi, Minister of Petroleum of Saudi Arabia, tours the grounds of the 3rd OPEC Summit International Oil Exhibition in Riyadh on November 14, 2007. (UPI Photo/Ben Lando)
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RIYADH, Saudi Arabia, Nov. 14 (UPI) -- The Saudi oil minister said it is not production levels but traders and speculators that are pushing oil prices to near record numbers.
ROME, Nov. 13 (UPI) -- The Bush administration asked OPEC to agree this weekend to increase oil production to lower fuel prices, U.S. Energy Secretary Samuel Bodman said Tuesday.
NEW YORK, Nov. 12 (UPI) -- Oil fell nearly $2 to its lowest level in a week Monday after Saudi Arabia's oil minister said OPEC would consider increasing output to ease crude prices.
RIYADH, Saudi Arabia, Nov. 12 (UPI) -- Crude oil prices were lower Monday morning, due to the possibility of an OPEC increase.
WASHINGTON, Jan. 27 (UPI) -- Saudi Arabia's oil minister has signaled that the kingdom plans to keep oil prices at about the current level of $50 per barrel.
NEW YORK, Jan. 16 (UPI) -- Crude oil prices fell to close at nearly $51 a barrel Tuesday after the Saudi Arabian oil minister said OPEC did not need to meet to discuss oil production.
KUWAIT CITY, Dec. 11 (UPI) -- Saudi Oil Minister Ali al-Naimi urged OPEC members Sunday to maintain oil production at current levels, saying that should prop up prices for now.
WASHINGTON, May 11 (UPI) -- Discussions are under way about the $100 million U.S. Caspian Guard project, which is aimed at providing security for Caspian oil resources. Washington official
WASHINGTON, March 15 (UPI) -- During German Chancellor Gerhard Schroeder's visit to the Persian Gulf, a Siemens-led consortium signed a $160.4 million agreement with Yemen's state-owned util