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Saudi Arabia's leaders made clear Friday they see no reason to increase oil production until customers demand it, apparently rebuffing President Bush
President Bush is appealing to oil-rich Saudi Arabia to increase production just as oil prices have hit another record high
President Bush, on a one-day visit to Saudi Arabia, is taking a second stab on Friday at getting the oil-rich nation to increase production and drive down soaring gasoline prices hurting U.S. consumers.
Keeping up with the world's oil demands is a full-time job.
One thing Saudi people should not have to worry about is money.
In Saudi Arabia today perhaps the biggest factor fuelling inflation is the influx of money from oil. The kingdom is the world's top oil producer -- making an estimated $2 billion from oil exports last year.
Roads in Saudi Arabia are among the world's most dangerous but one type of victim stands out: female teachers who are dying at alarming rates because of long commutes through the desert to reach remote schools
The British High Court ruled that prosecutors acted unlawfully when investigating accusations of corruption in a BAE arms deal with Saudi Arabia
Other faiths have long been banned from operating openly in Islam's birthplace. A Vatican-Saudi dialogue may change that
Not so long ago predictions that oil would break the $100 barrier seemed fanciful, alarmist even. But here we are, with the price of a single barrel of oil now into three digits and beyond.
Saudi Arabia's leaders made clear Friday they see no reason to increase oil production until customers demand it, apparently rebuffing President Bush
President Bush is appealing to oil-rich Saudi Arabia to increase production just as oil prices have hit another record high
President Bush, on a one-day visit to Saudi Arabia, is taking a second stab on Friday at getting the oil-rich nation to increase production and drive down soaring gasoline prices hurting U.S. consumers.
Keeping up with the world's oil demands is a full-time job.
One thing Saudi people should not have to worry about is money.
In Saudi Arabia today perhaps the biggest factor fuelling inflation is the influx of money from oil. The kingdom is the world's top oil producer -- making an estimated $2 billion from oil exports last year.
Roads in Saudi Arabia are among the world's most dangerous but one type of victim stands out: female teachers who are dying at alarming rates because of long commutes through the desert to reach remote schools
The British High Court ruled that prosecutors acted unlawfully when investigating accusations of corruption in a BAE arms deal with Saudi Arabia
Other faiths have long been banned from operating openly in Islam's birthplace. A Vatican-Saudi dialogue may change that
Not so long ago predictions that oil would break the $100 barrier seemed fanciful, alarmist even. But here we are, with the price of a single barrel of oil now into three digits and beyond.
This is not the first oil boom to deliver windfall revenue to the world's leading oil exporter, Saudi Arabia.
Saudi Arabia has asked florists and gift shops to remove all red items until after Valentine's Day, calling the celebration of such a holiday a sin, local media reported Monday.
Women in Saudi Arabia can now stay in a hotel or a furnished apartment without a male guardian, according to a government decision
A Saudi court will review the case of a teenage gang rape victim sentenced to jail and flogging after she was convicted of violating the country's strict sex segregation laws
Behind the state banquet and smiles from Queen Elizabeth and British Prime Minister Gordon Brown, King Abdullah of Saudi Arabia's visit to London this week caused a wave of dissent.
In this week's Marketplace Middle East, we take a look at Saudi Arabia's economic outlook. SABB, one of the Kingdom's biggest banks, projects that oil revenues will come in at $165 billion this year. What are the other key facts about the largest country on the Arabian Peninsula?
Saber-rattling in the Middle East has been growing, with Israeli air strikes over Syria at the beginning of the month and France's Foreign Minister talking of war with Iran, but behind the scenes there are fears of a new arms race in the region.
Hundreds of camels have died in Saudi Arabia this week from a mystery ailment.
Saudi Arabia, which already has aggressively shaved its oil output in a battle to shore up prices, will reduce production by another 158,000 barrels per day beginning Thursday and more cuts are on the way, according to a media report.
Saudi Arabia's King Abdullah has warned Vice President Dick Cheney that Saudi Arabia would back the Sunnis if the United States pulls out of Iraq, according to a senior American official.
Saudi Arabia has promised a comprehensive review of all of its educational textbooks and to remove all language promoting intolerance, the State Department's ambassador for religious freedom said Wednesday.
Saudi Arabia is experimenting with new techniques to tap into its supply of heavy crude oil, according to a published report Monday that says the move could help significantly increase the supply of oil to meet growing global demands.
There are no signs of life as I look across the Saudi border into Iraq. I get about as close as the Saudi border guards will let me, about a hundred yards from southern Iraq.
Forty suspected militants have been arrested in Saudi Arabia over the last several days, a Saudi security source said Wednesday.
Saudi security forces shot and killed five suspected militants Monday in a two-hour gun battle in an eastern suburb of the capital, Riyadh, the Saudi Arabia's Interior Ministry told CNN.
Stocks could have some trouble in early trading Friday after a report of an explosion at an Saudi Arabian oil facility and other global uncertainty lifted oil prices.
More than 2 million Muslim pilgrims from almost 180 countries started moving after sunrise Monday towards Mount Arafat to perform the central rite of Hajj, the annual pilgrimage to the holy city.
Crude futures climbed past the $64-a-barrel mark Tuesday, as the market continued to monitor events in Saudi Arabia after Britain and Australia warned of an increased threat of terror attacks there.
Saudi Arabia will continue to pump oil "to the best of our capability, with a reasonable price" under its new leader, King Abdullah, a top Saudi diplomat said Monday.
Saudi Arabia's King Fahd -- whose reign was marked by unprecedented prosperity, but whose close ties with the United States stirred the passions of Islamic militants -- has died, Saudi Arabia's information minister announced Monday.
The U.S. Embassy in Riyadh, Saudi Arabia, warned Wednesday that more terrorist attacks could be in the works in the kingdom.
A high-ranking member of al Qaeda in Saudi Arabia was killed Sunday in a clash between several suspected militants and security forces in the capital of Riyadh, a senior interior ministry official confirmed to CNN.
Saudi Arabia, facing mounting pressure from the U.S. and others to step up output of oil and gas amid a surge in prices, plans to more than double its investment in energy development to $50 billion in the next five years from the previous five-year period, Friday's Wall Street Journal reported.
Crude oil prices tumbled 3 percent Wednesday reaching a seven-week low, after a government report showed a rise in crude inventories and a buildup in gasoline stocks ahead of summer.
An unspecified threat has prompted U.S. officials to move American residents in Jeddah, Saudi Arabia, to another location, a statement from the U.S. Consulate said.
Just say no to terrorism.
Voting got under way Thursday in Saudi Arabia's first local elections.
A telethon for tsunami victims on Saudi state-run television has raised more than $77 million, and the Saudi-based Islamic Development Bank pledged an additional $500 million for affected countries.
Saudi Arabia, criticized in the Arab world for not offering more money for tsunami disaster relief, said Tuesday it will triple the aid it has pledged to $30 million and will hold a fund-raising telethon to benefit victims.
Though oil prices have retreated from their record highs of October, a terrorist attack on oil installations in Saudi Arabia could send them soaring to new heights, according to a leading industry analyst.
Fighting between Saudi security forces and militants has left a police officer dead and nine others wounded, and led to the arrests of five militants, according to an Interior Ministry official.
According to a recent U.S. military intelligence report, insurgents depend on external donors to finance attacks in Iraq. Attacks the United States believes are being bankrolled with Saudi money.
ABU DHABI (Reuters) - Top world oil exporter Saudi Arabia vowed on Sunday to maintain a cushion of spare supplies of up to 2 million barrels per day (bpd) to meet future demand growth.
Oil prices are hovering just below $50 a barrel after breaking above that historic level on concerns over tight global supplies.
Oil prices closed at record highs for a third straight session on Tuesday, despite a pledge to increase production by Saudi Arabia, a top exporter in the Organization of Petroleum Exporting Countries (OPEC).
A French national who worked as an engineer in Saudi Arabia was ambushed and killed by gunmen as he drove through a Jeddah neighborhood early Sunday.
Making good on a pledge made in May, Saudi Arabia announced Wednesday it is prepared to increase oil output by up to 1.3 million barrels per day -- 14 percent -- to cope with world demand.
A Saudi government program promising leniency for suspected militants if they turned themselves in expired at the end of Thursday, with more than 80 people having taken advantage of the offer.
Saudi security forces carrying out a major anti-terrorist operation have found the head of slain U.S. hostage Paul M. Johnson Jr., a Saudi Interior Ministry official said.
The head of slain American hostage Paul M. Johnson Jr., who was kidnapped and beheaded in Saudi Arabia last month, has been found in a freezer, a Saudi Interior Ministry official said.
Another 27 wanted militants have surrendered to Saudi security officials over the last several days under a month-long leniency offer set to expire this week, according to the Saudi Interior Ministry.
Carmen bin Ladin on Thursday described her marriage to one of Osama bin Laden's brothers and her life as a woman in Saudi Arabia.
Two separate releases of prisoners last year were part of a secret prisoner swap that involved the United States, Saudi Arabia and Britain, The New York Times reported Sunday.
Should people be surprised when an ally of the United States is accused of carrying out beheadings as a matter of legal punishment?
In a bold, chilling claim posted on an Islamist Web site, terrorists linked to al Qaeda say sympathizers within the Saudi security forces helped them kidnap American Paul Johnson.
After news of the beheading of American hostage Paul Johnson Jr. by al Qaeda militants in Saudi Arabia, two Democratic lawmakers denounced the kingdom Friday for not doing enough to rid itself of terrorists.
Soon after a U.S. hostage was beheaded Friday in Saudi Arabia, a senior State Department official warned that further attacks are likely and urged Americans to leave the kingdom.
Britain's Foreign Office says non-essential staff and their relatives at the British embassy in Saudi Arabia can leave the kingdom "if they wish."
Saudi Arabia announced Wednesday that it will dissolve all Saudi international charities and fold them into a single government-sponsored entity, in an effort to stop the flow of money to terrorist organizations.
The Organization of Petroleum Exporting Countries (OPEC) meets Thursday in Beirut to consider raising production to help stem the surge in oil prices.
The United States and Saudi Arabia will ask the U.N. Security Council on Wednesday to provide more help in blocking the assets of a Muslim charity accused of backing terrorist groups, including al Qaeda, a senior Saudi official told CNN Tuesday night.
Saudi Arabia's oil minister has sought to calm jittery markets after crude prices hit record highs, declaring his country's oil infrastructure is secure against terrorist attacks.
The attack in Saudi Arabia on an oil workers' compound in Khobar last weekend, sent a shock wave through world oil markets. When U.S. traders hit the floor after the holiday weekend, the impact was immediate: Oil prices jumped almost two and a half dollars per barrel -- a new high.
Oil prices reached a record $42 a barrel on Tuesday, following a weekend terrorist attack in Saudi Arabia. Although the major indexes closed up, the S&P 500 dipped below its 50-day moving average during the day -- which some market watchers interpreted as a signal of a weaker market ahead.
Saudi Arabian authorities say security has been tightened around possible Western targets after a weekend attack left 22 people dead.
Oil prices soaring in the wake of the terrorist carnage in Saudi Arabia over the weekend are just another sign of how vulnerable we are to the geopolitics of petroleum and the madness of assassins.
Oil prices jumped by more than a dollar in the first main trading session since a weekend attack in Saudi Arabia by suspected al Qaeda militants left 22 people dead.
Asian stocks have staged a turnaround to finish mainly stronger Tuesday as oil prices move back above $40 a barrel.
Oil prices are back above $40 a barrel Tuesday in the first trading since suspected al Qaeda militants killed 22 people in Saudi Arabia on Saturday.
The "terrorist premium" on oil prices is expected to rise in coming weeks following the weekend attack by militants on foreign oil workers in Saudi Arabia.
Three of four attackers who killed 22 people in the Saudi oil city of Khobar were allowed to escape because they were threatening to kill 242 people being held as human shields, a senior Saudi Interior Ministry official says.
Oil superpower Saudi Arabia has vowed to keep its crude supplies flowing smoothly to world markets after a deadly militant attack on the eastern oil city of Khobar.
U.S. stocks surged early Monday, led by gains in the technology sector, after Saudi Arabia agreed to boost oil output.
The State Department has ordered all nonessential personnel serving in the U.S. Embassy and consulates in Saudi Arabia and their families out of the country, according to an updated travel warning issued Thursday.
With OPEC planning to cut oil production, Saudi Arabia's ambassador to the United States met Thursday with national security adviser Condoleezza Rice and said Riyadh is committed to heading off problems in the world energy market.
Top U.S. counterterrorism officials told a congressional panel on Wednesday that Saudi Arabia has demonstrated a turnaround in cooperating with U.S.-led efforts to stem the flow of financial support to terrorist organizations.
Amid accusations that a Saudi-based Islamic charity has financed terrorist groups, including al Qaeda, Saudi Arabia's King Fahd said the kingdom is moving to change the way it raises charity funds abroad.
The Saudi government has launched an investigation into why its tourism Web site posted a notice that travel visas to Saudi Arabia would not be issued to people of the Jewish faith, according to the spokesman for the Saudi embassy in Washington.
British nationals should forgo all but "essential" travel to Saudi Arabia because of possible terrorist attacks that "may be in the final stages of preparation," according to the British Foreign Office.
The United States and Saudi Arabia are asking for international help to block the assets of a Muslim charity accused of backing terrorist groups, including al Qaeda.
Muslims are converging on the holy city of Mecca in Saudi Arabia for the Hajj, Islam's annual pilgrimage to the birthplace of the Prophet Mohammad.
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