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| Saudi Arabia, Business Timeline Legend |
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| Oil
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| Jul. 1 |
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Saudis rule out further crude increases| Saudi Arabia ruled out further increases in crude production following its announcement that it would pump an extra half-million barrels a day | |
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| Jun.23 |
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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
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| Jun.22 |
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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
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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 | |
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| Jun.21 |
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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 | |
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 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 | |
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| Jun.15 |
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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 | |
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| Jul.28 |
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$20 billion arms sale to Saudis in works Washington: The United States is developing a proposed 10-year arms sales package to upgrade the Saudi military's ability to counter Iranian aggression
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| Jun.6 |
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 Saudi prince 'received arms cash'  Bandar bin Sultan who negotiated a £40bn arms deal with Britain received secret payments for over a decade from BAE Systems
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| Aug.1 |
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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
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Khodorkovsky jailed for 9 years
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| Jun.2 |
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 Saudis say oil industry 'secure' The authorities say that Islamic militants chose the wrong target by attacking the kingdom's oil industry
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| May.31 |
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Oil price surge after siege Fear of Middle East unrest pushed prices higher, despite signs that exporters will agree to increase output
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| Apr.1 |
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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
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| Aug.13 |
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BA suspends flights to Saudi Arabia England: British Airways are responding to a specific terrorist threat to its planes in the country
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| Jan.2 |
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 Call for OPEC supply curbs Saudi Arabia called for supply curbs when the cartel meets to prevent a further slide in oil prices
| Saudi Arabia, Business | Major Events in 21st Century | 
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