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abtest

Death of Saudi king unsettles oil market, prices waver

By Jonathan Fahey and Youkyung Lee | January 24, 2015 - 5:00am

Oil prices rose initially on news of the death of Saudi Arabia's powerful King Abdullah, but the increase was moderate and short-lived.

Business

Oil climbs above $100 in Asia amid Iran tensions

January 17, 2012 - 4:34pm

Oil climbed above $100 a barrel Tuesday in Asia after Saudi Arabia, the world's largest exporter of the commodity, indicated it thinks prices should be maintained around that level.

Oil eases to $88 per barrel as Saudis hint at raising supply

January 26, 2011 - 12:00am

BANGKOK — Oil prices hung below $88 a barrel yesterday in Asia, extending losses after the Saudi oil minister hinted the world’s biggest oil producer may raise supplies to put the brakes on higher oil...

Business

Oil extends fall as Saudi oil minister hints at raising supply

January 25, 2011 - 2:21pm

Oil prices hung below $88 a barrel Tuesday in Asia, extending losses after the Saudi oil minister hinted the world's biggest oil producer may raise supplies to put the brakes on higher oil prices.

Oil price is perfect says Saudi oil minister

December 5, 2009 - 4:58pm

CAIRO (AP) — Saudi Arabia's oil minister says the current global oil price is "perfect" and the market is stable.

Oil ministers: OPEC keeps output steady

May 29, 2009 - 12:02am

VIENNA (AP) – OPEC has decided to keep its production targets unchanged, oil ministers said yesterday at a meeting in Vienna.

OPEC banks on end of recession to drive oil prices

May 28, 2009 - 4:34pm

VIENNA (AP) – OPEC oil ministers appear ready to sit back and let a recovering world economy lift crude prices instead of trying to bolster them by cutting back production.

Oil dips in Asia amid concerns over global economy

March 17, 2009 - 1:16pm

KUALA LUMPUR (AP) -- Oil prices dipped in Asia on Tuesday as traders weighed the Organization of Petroleum Exporting Companies’ (OPEC) decision to maintain production levels amid persistent concerns over the...