Topic: Ali Al-Naimi

Saudi Arabia's oil minister called on Friday for any resolution taken at the climate summit in Copenhagen that could affect oil demand to include measures that "reduce the effects" on oil producers. "Any measures that might affect oil demand should be accompanied ...

OIL PATCH UPSWING

OIL PATCH UPSWING For OPEC ministers gathered in Vienna on May 27, the dreamy days of last summer, when oil went north of $140 a barrel, may seem like a long-lost golden age. But the summiteers did have something to cheer about: ...

OPEC to keep current oil quotas: Saudi minister

The OPEC oil cartel is likely to maintain current production quotas at its meeting in Vienna this week, Saudi Oil Minister Ali al-Nuaimi said Tuesday on his arrival in the Austrian capital. "We will stay the course," the minister, whose country is ...
Prime Minister Gordon Brown said on Friday that oil price volatility was "in no-one's interest" at a meeting of major oil producing and consuming nations, as prices hit a new four-year low. Brown urged stability after a year which has seen prices ...