Tag: Ali Al Naimi

• Wednesday, May 11th 2016 - 12:14 UTC

  Oil markets on alert: major overhaul in Saudi Arabia´s cabinet and economic policy

  

  Saudi Arabia's King Salman removed the country's veteran oil minister as part of a broad government overhaul. Ali al-Naimi has been replaced after more than 20 years in the role by former health minister Khaled al-Falih.

• Wednesday, February 24th 2016 - 05:38 UTC

  Suspension of FIFA Friday's presidential requested by candidate Prince Ali

  

  FIFA presidential candidate Prince Ali Al Hussein of Jordan is appealing to the Court of Arbitration for Sport to implement transparent voting booths in Friday’s election. CAS says Prince Ali is asking for “urgent provisional measures” against the Feb. 15 decision of the FIFA ad-hoc electoral committee to deny his request to use the transparent booths.

• Wednesday, February 17th 2016 - 11:04 UTC

  Main oil exporters agree to freeze production, ...if all leading producers join

  

  Four of the world's biggest oil-producing nations moved to freeze their production on Tuesday to try to halt the 70 percent drop in the price of crude because of a glut of oil on world markets. The agreement was reached by the oil ministers of Russia and three members of the Organization of the Petroleum Exporting Countries, Saudi Arabia, Venezuela and Qatar, during a closed-door meeting in Doha, the Qatar capital.

• Friday, November 28th 2014 - 06:23 UTC

  Oil price plunges as OPEC decides against cutting output despite world glut

  

  Brent and US crude oil plunged as much as 6.50 dollars a barrel on Thursday, the steepest one-day falls since 2011 following on OPEC's decision against cutting output despite a huge oversupply in world markets.

• Thursday, November 13th 2014 - 05:44 UTC

  Crude price falls to a three year low, created by shale boom and Libya restart

  

  West Texas Intermediate, WTI crude closed at a three-year low on Wednesday with prices under pressure from the growing oil glut created by the U.S. shale boom and the restart of Libya's largest operational oilfield.

• Wednesday, February 23rd 2011 - 07:02 UTC

  OPEC promises to compensate for any oil drop off by unrest in Middle East

  

  Trying to calm turbulent oil markets, Saudi Arabia's Oil Minister said on Tuesday that the Organisation of the Petroleum Exporting Countries (OPEC) was ready to pump more oil to compensate for any drop-off caused by unrest in the Middle East.