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World News   Saudi Arabia   Business   Oil
Saudi Arabia, Oil Timeline Monday, September 1     Author
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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 Oil summit calls for supply boost Map of Jeddah 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

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    Saudi Arabia (143)
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                2005 (1)
                2004 (3)
                2003
                2001 (1)

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Saudis rule out further crude increases
Jul.1
  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
Jun.22
  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
  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
  Energy Secretary Samuel Bodman: Oil prices are hitting record highs because production has not kept pace with increasing demands
Bush calls for offshore drilling Jun.15 Saudi oil output to rise in July
  Saudi Arabia will increase its oil production by 200,000 barrels a day next month to meet growing world demand

year 2005 Top ^

Aug.1 Saudis pledge to keep pumping oil  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'  The authorities say that Islamic militants chose the wrong target by attacking the kingdom's oil industry May.31 Oil price surge after siege  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 ^

OPEC to raise daily oil output

year 2001 Top ^

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



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