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Latest Outline of Saudi Arabia Stories

2008-06-24 02:29:30

By Sebastian Abbot JIDDAH, Saudi Arabia - Facing strong U.S. pressure and global dismay over oil prices, Saudi Arabia said Sunday it will produce more crude this year if the market needs it. But the vague pledge fell far short of U.S. hopes for a specific increase and may do little to lower prices immediately. For now, the current "oil shock" leaves Western countries with little choice but to move toward nuclear power and change their energy-consumption habits, Britain's prime minister...

2008-06-22 00:00:20

Text of report by Indian news agency PTI Dubai, 21 June: India and Saudi Arabia Saturday [21 June] held talks over urgent steps to cool the escalating international crude oil prices. A high-level Indian delegation led by Finance Minister P. Chidambaram and Petroleum Minister Murli Deora arrived here to participate the Saudi oil summit meeting Sunday. The delegation immediately went into talks in the evening, an Indian official told PTI over phone from Jeddah. With oil prices showing no...

2008-06-16 21:00:21

U.N. Secretary-General Ban Ki-moon said Monday he welcomes Saudi Arabia's offer to host a summit of major oil producers to address soaring fuel prices. Saudi Arabia also has indicated it would increase its oil production by 200,000 barrels a day starting next month to help meet demand. Saudi King Abdullah bin Abdul Aziz Al Saud acknowledged that the current oil price is abnormally high, due to speculative factors, and he is willing to do what he can to manage the price of oil to the...

2008-06-16 12:00:56

Energy ministers of major oil producers, consumers to meet on high oil price RIYADH, June 14 (Xinhua) -- Energy ministers of the world's major oil-producing and consuming nations will meet in Saudi Arabia on June 22 to discuss ways of curbing the soaring oil prices, Saudi Oil Minister Ali bin Ibrahim Al-n'aimi said on Saturday. Major oil-producers, including members of the Organization of the Petroleum Exporting Countries, Russia, Norway, Mexico and Brazil, and big consumers including...

2008-06-16 09:00:19

The Associated Press RIYADH, Saudi Arabia Saudi Arabia plans to increase its oil production by 200,000 barrels a day next month, the kingdom's oil minister told U.N. chief Ban Ki-moon on Sunday, according to Ban's spokesman. The U.N. secretary-general met with Oil Minister Ali al-Naimi in the port city of Jiddah during a one-day trip to the world's largest oil producer. Farhan Haq, a spokesman who is traveling with Ban, said in an e- mail that the U.N. chief said al-Naimi told him...

2008-06-14 00:00:27

Saudi officials have advised oil traders and analysts they plan to increase output by 500,000 barrels a day next month, The New York Times reported Friday. Saudi Arabia's current output is 9.45 million barrels a day, up 300,000 barrels from last month. The proposed increase would bring output to 10 million barrels, the highest ever for the world's largest oil exporter. While King Abdullah snubbed President George W. Bush when the Bush asked for an output increase during two meetings this...

2006-08-07 20:05:48

By Andrew Hammond RIYADH (Reuters) - They are few in number but determined to make their mark -- women journalists in Saudi Arabia have fought hard to get where they are and say they have more than proved themselves the equal of men. The kingdom is one of the most restrictive places in the world for women, where powerful clerics say a woman's place is in the home, raising a family. Women cannot drive cars, must be accompanied in public by male relatives, and must cover themselves up...

2006-08-03 08:16:49

RIYADH (Reuters) - Saudi Arabia has lifted a ban on photography in public areas, part of a drive by the conservative kingdom's tourism organization to attract more visitors to the birthplace of Islam. A royal decree allowing photography in many public places was issued about a year ago, and the interior ministry enacted it earlier this week. "People can now take pictures of tourist sites, architectural landmarks, shopping malls as well as government buildings where there is no sign...

2006-08-03 05:56:36

RIYADH (Reuters) - Saudi Arabia, the world's biggest crude exporter, believes oil should not be used as a weapon because it is the economic lifeline of Arab states, its foreign minister said. Asked whether the oil weapon should be used if the conflict between Israel and Hizbollah escalates, Prince Saud al-Faisal said: "The two issues should not be mixed because oil is among the economic capabilities that countries... need to meet their obligations toward their citizens. "If we...

2006-08-03 01:07:27

RIYADH (Reuters) - Saudi Arabia, the world's biggest crude exporter, believes oil should not be used as a weapon because it is the economic lifeline of Arab states, its foreign minister said. Asked whether the oil weapon should be used if the conflict between Israel and Lebanon escalates, Prince Saud al-Faisal said: "The two issues should not be mixed because oil is among the economic capabilities that countries... need to meet their obligations toward their citizens. "If we ignore...


Word of the Day
drawcansir
  • A blustering, bullying fellow; a pot-valiant braggart; a bully.
This word is named for Draw-Can-Sir, a character in George Villiers' 17th century play The Rehearsal.
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