Saudi Arabia Oil

The Saudi Arabian government is currently pitching investors the prospect of investing in five-, 10- and 30-year government bonds, but with one unofficial stipulation -- don't ask about oil prices. According to a Bloomberg report, Saudi Arabia's government officials are now in London...

Over the weekend, Saudi Arabia appointed Khalid al-Falih to serve as the country's "Minister of Energy, Industry and Mineral Resources." The ex-Saudi Aramco CEO and current Chairman will replace Ali al-Naimi who oversaw the country's oil interests for more than 20 years. Bloomberg's Riad Hamade...

Saudi Arabia announced over the weekend that its oil minister Ali al-Naimi will be replaced with Khalid al-Falih, the current chairman of Saudi Aramco. Naimi has served as oil minister for more than 20 years and has been widely considered to be the "maestro" of the oil market given Saudi Arabia's...

Crude oil initially plunged lower by more than 6 percent after Sunday's gathering of OPEC and non-OPEC members failed to reach an agreement on oil exports. OPEC and several non-OPEC members met in Doha, Qatar to discuss a freeze in output levels to help boost crude prices. However, the...