Showing posts with label oil prices. Show all posts
Showing posts with label oil prices. Show all posts
Monday, December 30, 2013
Monday, December 23, 2013
Tuesday, August 27, 2013
Tuesday, August 13, 2013
Wednesday, May 15, 2013
Tuesday, April 30, 2013
Monday, February 25, 2013
Wednesday, February 6, 2013
Monday, November 5, 2012
Monday, September 24, 2012
Wednesday, June 20, 2012
Friday, June 8, 2012
Monday, June 4, 2012
Friday, April 27, 2012
Wednesday, April 25, 2012
Tuesday, April 3, 2012
Monday, February 27, 2012
Monday, February 6, 2012
Wednesday, January 18, 2012
The Significance of the Al-Naimi Price Comment
Recently, Saudi oil minister Ali al-Naimi made some interesting comments to CNN about Saudi spare capacity:
I believe we can easily get up to 11.4, 11.8 (million barrels a day) almost immediately, in a few days, because all we need is to turn valves," Saudi Oil Minister Ali al-Naimi told CNN's John Defterios. "Now to get to the next 700 or so, we probably need about 90 days."and oil prices:
When asked about whether Saudi Arabia could make up for Iran's exports of 2.2 million barrels a day, al-Naimi said the country has a spare capacity "to respond to emergencies worldwide, to respond to our customer demand, and that is really the focus. Our focus is not on who drops out from production, but who wants more."
"Our wish and hope is we can stabilize this oil price and keep it at a level around $100" for the average barrel of crude, al-Naimi said.
Wednesday, January 11, 2012
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