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World News   Gulf   Business   Oil
Gulf, Oil Timeline Wednesday, October 8     Author
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  Saudis: No need to cut OPEC output
World News World Oil (114) Gulf (165) Business (26) Oil
2007 (2) 2006 (1) 2005 (1) 2004 (3) 2003 2001 (1)
   Saudi Arabia (13)
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  Oil falls as Opec ministers meet
Sep. 9
   Austria: Brent crude has fallen below $100 for the first time since April, as traders predict Opec will stick to current output levels

   Austria: Saudi Arabia suggested that a meeting of oil ministers of the OPEC will decide to keep crude production steady, despite concerns over prices
Jul.1 Saudis rule out further crude increases  Saudi Arabia: Saudi Arabia ruled out further increases in crude production following its announcement that it would pump an extra half-million barrels a day Jun.23 Oil prices surges despite Saudi pledge   Global: Investors shrugged off the pledge to increase oil production, focusing on disruptions to Nigerian supply and heightened Middle East tensions Jun.22 Oil summit calls for supply boost   Saudi Arabia: Leading exporters have acknowledged the need to boost supplies to curb prices but stopped short of specific commitments on extra output Saudi Arabia to increase oil output
  King Abdullah: Saudi Arabia will increase its daily production from 9 million barrels to 9.7 million in the near future to counter the sharp rise in prices
Jun.21 Saudis to host oil price summit Map of Jeddah Saudi Arabia
  Saudi Arabia: S. Arabia is set to host a meeting of oil producing and consuming nations to discuss soaring oil prices
U.S.: Oil production has not met demand  Saudi Arabia: Energy Secretary Samuel Bodman: Oil prices are hitting record highs because production has not kept pace with increasing demands Jun.15 Saudi oil output to rise in July
  Saudi Arabia: Saudi Arabia will increase its oil production by 200,000 barrels a day next month to meet growing world demand


year 2007 Top ^

Jun.7 Cyclone pounds Mideast oil region
  Oman: Cyclone Gonu battered coast with fierce winds and torrential rains, forcing thousands from their homes and shutting down oil installations

year 2006 Top ^

Oct.19   Opec approves cut in oil output
  Qatar: The oil producers' cartel has approved plans to cut crude output by 1.2 m barrels per day

year 2005 Top ^

Aug.1 Saudis pledge to keep pumping oil  Saudi Arabia: Saudi Arabia will continue to pump oil 'to the best of our capability, with a reasonable price' under King Abdullah

year 2004 Top ^

Jun.2   Saudis say oil industry 'secure'  Saudi Arabia: The authorities say that Islamic militants chose the wrong target by attacking the kingdom's oil industry May.31 Oil price surge after siege
  Saudi Arabia: Fear of Middle East unrest pushed prices higher, despite signs that exporters will agree to increase output Apr.1 Saudis vow to avoid oil shortages   Washington: Prince Bandar bin Sultan, the Saudi Ambassador to the US, has vowed to ensure world supplies will remain plentiful

year 2003 Top ^



year 2001 Top ^

Jan.2   Call for OPEC supply curbs  Saudi Arabia: Saudi Arabia called for supply curbs when the cartel meets to prevent a further slide in oil prices



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