OPEC approves output rise of about 1 Mn barrels

OPEC members have agreed on a combined increase in crude oil output of one million barrels per day, the oil minister of the cartel's kingpin Saudi Arabia said Friday.

Oil prices spike sharply after OPEC fails to deliver

Crude oil prices were soaring in early Friday trading after OPEC apparently disappointed with the terms of a consensus agreement on production.

Oil Prices Rise Amid Lower US Stockpiles, Rising Global Tensions

International oil prices are posting steady increases due to higher energy consumption in the US, Saudi Arabia's continued commitment to production cuts and rising global political uncertainty.

Moscow, Riyadh to Propose Oil Output Cut Deal Extension for Another Nine Months

Moscow and Riyadh are set to propose the prolongation of the Vienna agreement on oil output cuts for another nine months, the joint statement of the Russian and Saudi energy ministers said Monday.

Saudi Arabia seeks 10 pct renewable energy in six years: minister

Saudi Arabia wants 10 percent of its electricity to come from renewable sources within several years as part of a transformation in its power sector, the energy minister said Monday.

Heavy rain, floods in Saudi Arabia leave seven dead

At least seven people died and many others were injured or trapped by heavy rain and floods that swept various regions of Saudi Arabia, press reports said on Tuesday.

Saudi Arabia and Egypt announce Red Sea bridge

Saudi Arabia's king has announced that a bridge linking the country to Egypt will be built over the Red Sea.

Russia, Saudi Arabia Agree Oil-Output Freeze

Russia and Saudi Arabia, the world's two largest crude producers, have agreed to freeze output, as long as others follow suit.

Oil prices dipped Friday in a market burdened by a persistent oversupply of crude.

At about 1300 GMT, US benchmark West Texas Intermediate (WTI) for delivery in December was trading down 37 cents at $40.17 a barrel.

Twelve killed as flash floods hit Saudi Arabia

At least 12 people have been killed, many swept away, after heavy rains lashed western and central Saudi Arabia.

Climate change intensifies conflicts, John Kerry says

Negative effects of climate change such as extreme drought are linked to deadly violence in countries such as Syria and Nigeria, and those still denying there's a problem are putting the entire planet at risk, the US secretary of state said.

Ministers of OPEC member-states leave oil output quotas unchanged

OPEC has kept oil production quotas unchanged at 30 mln barrels per day, Saudi Arabia's Minister of Petroleum and Mineral Resources, Ali al-Naimi, said Friday.

Oil Up on Yemen Fighting, Weak Dollar

Oil settled up about three percent on Wednesday as a weak dollar, fighting in Yemen and speculative buying boosted crude prices despite record-high US inventories.

Benchmark Brent oil for May delivery edged up 3.17 percent at $58.27 per barrel.

Russian oil company CEO says oil price could reach $25 per barrel

The price of oil could fall to $25 per barrel, head of Lukoil Vagit Alekperov told journalists on Friday.

Alekpetov said that based on the latest statements from Saudi Arabia, he cannot rule out a price drop to $25. He added that he expects significant price fluctuation this year, considering that by January 15 the price varied within a 10% range.

Northwest Saudi Arabia enjoys rare snowfall

Rare snowfall in the north-west of Saudi Arabia on Sunday drew local residents and visitors to scenic mountainous areas to enjoy the spectacle.
Snow fell intermittently from dawn in the city of Tabuk near the Jordanian border, coating nearby mountains and roads with a sheet of white.

Σπάνιο φαινόμενο: χιόνισε στη Σαουδική Αραβία

Οι κάτοικοι της πόλης Ταμπούκ στα βόρειο-δυτικά της Σαουδικής Αραβίας ήρθαν αντιμέτωποι με το χιόνι, ένα πολύ σπάνιο φυσικό φαινόμενο για αυτή την περιοχή. 

Στα βίντεο που μεταδίδει το διαραβικό τηλεοπτικό κανάλι «Al Arabiya», παρουσιάζονται οι εικόνες των αυτοκινήτων, που με δυσκολία περνούν μέσα από τους χιονισμένους δρόμους.


Για να δούνε αυτό το σπάνιο φαινόμενο, στο Ταμπούκ ήρθαν οι κάτοικοι των γειτονικών πόλεων.