OPEC won`t cut output even at $20 a barrel: Saudi Arabia

Last Updated: Tuesday, December 23, 2014, 16:09

OPEC will not cut oil production even if the price drops to $20 a barrel and it is unfair to expect the cartel to reduce output if non-members do not, Saudi Arabia said.

Oil slides as Saudi Naimi tells market to forget OPEC cuts

Last Updated: Tuesday, December 23, 2014, 05:29

Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia`s powerful oil minister said OPEC would not cut production at any price.

Oil hits five-year low below $66 on oversupply worries

Last Updated: Tuesday, December 9, 2014, 14:06

Benchmark Brent crude slipped again on Tuesday to its lowest in five years, dropping below $66 a barrel after plunging more than 4 percent the day before on worries of a swelling supply glut.

S&P lowers Saudi, Oman outlook on low oil price

Last Updated: Saturday, December 6, 2014, 16:59

Standard and Poor`s has lowered the outlook for the world`s top oil exporter Saudi Arabia to stable from positive and its Gulf partner Oman to negative on sliding oil prices.

Oil down after Saudi Arabia slashes crude price

Last Updated: Friday, December 5, 2014, 11:15

Oil fell in Asian trade on Friday after major producer Saudi Arabia slashed the price of the crude it sells to Asia and the United States, analysts said.

New Saudi anti-terrorism law worries activists

Last Updated: Sunday, February 2, 2014, 21:50

Saudi Arabia`s King Abdullah has ratified a new counter-terrorism law that rights activists say criminalises speech critical of the government or society.

Indian worker beheaded for murder in Saudi Arabia

Last Updated: Friday, January 31, 2014, 13:11

An Indian worker, convicted of murdering his Saudi sponsor, has been executed in the Gulf kingdom.

Saudi beheads Indian worker for murder

Last Updated: Thursday, January 30, 2014, 22:19

An Indian worker convicted of murdering a Saudi was beheaded by the sword in the Riyadh region today, the interior ministry said.

Saudis urged to stop backing Egypt`s dominant military

Last Updated: Wednesday, January 29, 2014, 01:05

A prominent Gulf-based Muslim cleric called on Saudi Arabia to stop backing Egypt`s military-dominated authorities, accusing them of using Saudi money to kill Egyptians protesting at the overthrow in July of an elected Islamist president.

Saudis have Pak commitment of nuclear bomb: US expert

Last Updated: Tuesday, January 28, 2014, 12:01

Given the rapid increase of Pakistan`s nuclear arsenal, a former CIA analyst suspects the country has a commitment to provide a nuclear bomb to Saudi Arabia.

Saudi sentences Qaeda suspects to death for expat murders

Last Updated: Wednesday, January 15, 2014, 07:22

Saudi court sentenced two suspected al-Qaeda members to death today for the 2007 murder of four French expatriates near the western city of Medina, a judicial source said.