Saudi Arabia

No chance of OPEC output cut, even after oil dips below $50: Gulf delegates

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DUBAI/LONDON - Saudi Arabia and its Gulf OPEC allies are showing no sign of considering cutting output to boost oil prices, even though they dipped below $50 a barrel this week.

No chance of OPEC output cut, even after oil dips below $50 - Gulf delegates

* Iran, African members criticise Saudi strategy, call for cut

08 Jan 2015

RPT-UPDATE 1-King says Saudi Arabia to deal with weak oil challenge with 'firm will'

RIYADH, Jan 6 - Saudi Arabia's King Abdullah said on Tuesday the world's top oil exporter would deal "with a firm will" with the challenge posed by lower oil prices in a speech read on his behalf by Crown Prince Salman and broadcast on state television.

06 Jan 2015

Saudi's Jabal Omar signs 4 bln riyal loan refinancing for Mecca project.

RIYADH, Jan 6 - Saudi Arabia's Jabal Omar Development Company has secured a 4 billion riyal ($1.07 billion) loan to refinance part of an existing facility it signed in 2012 to fund its real estate project in Mecca, it said on Tuesday.

06 Jan 2015

Saudi slashes monthly oil prices to Europe; trims U.S., ups Asia

NEW YORK - Saudi Arabia made deep cuts to its monthly oil prices for European buyers on Monday, a move some analysts said reflects the kingdom's deepening defense of market share, although it also hiked prices in Asia from record lows.

06 Jan 2015

Saudi slashes monthly oil prices to Europe; trims U.S., ups Asia

NEW YORK - Saudi Arabia made deep cuts to its monthly oil prices for European buyers on Monday, a move some analysts said reflects the kingdom's deepening defense of market share, although it also hiked prices in Asia from record lows.

06 Jan 2015

Saudi slashes monthly oil prices to Europe; trims U.S., ups Asia

NEW YORK - Saudi Arabia made deep cuts to its monthly oil prices for European buyers on Monday, a move that analysts said reflects the kingdom's deepening defense of market share, while it trimmed prices for U.S. refiners and increasing rates for Asia.

05 Jan 2015

Saudi king needed help breathing due to pneumonia -royal court

CAIRO - Saudi Arabia's King Abdullah bin Abdulaziz is suffering from pneumonia and temporarily needed help to breath through a tube on Friday but the procedure was successful and his condition was now stable, the royal court said.

03 Jan 2015

UPDATE 1-Saudi king needed help breathing due to lung infection - royal court

CAIRO, Jan 2 - Saudi Arabia's King Abdullah bin Abdulaziz temporarily needed help to breath through a tube on Friday due to a lung infection, but the procedure was successful and his condition was now stable, the royal court said.

02 Jan 2015

NYMEX-US crude up over $54 on stock fall; China data weighs on

SEOUL, Jan 2 - U.S. crude futures rose over $54 a barrel on the first trading day of 2015 in Asia, supported by last week's larger-than-expected fall in U.S. crude stocks but inventories at the oil hub at Cushing, Oklahoma, grew, keeping prices depressed.

02 Jan 2015
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India hangs Yakub Memon for 1993 Mumbai bomb blasts

MUMBAI/NEW DELHI - India hanged Yakub Memon on Thursday for his role in the country's deadliest bombings, which killed 257 people in Mumbai in 1993, after the Supreme Court threw out his final plea for a stay of execution.