...starting in July, according to the oil minister of Saudi Arabia, the group's biggest producer. The Saudi official, Ali Naimi, declined to give details about the size of the planned increase. But another senior OPEC source, speaking on condition...

...unchanged -- with top producer Saudi Arabia saying current prices are good for buyers and sellers. Saudi Oil Minister Ali Naimi said OPEC would like to see its price average $25 per barrel, a "magic number" slightly below the current level but...

...largest producer, said Tuesday. One day after Iraq halted most of its crude shipments, Saudi Arabia's Oil Minister Ali Naimi gave his first public reassurance to oil markets and importers. "I can assure you there will be no shortage in the market...

...Iran and the rest. Their position is consistent -- that they don't want any change,'' Saudi Arabian Oil Minister Ali Naimi told reporters. Prices fall in city Gas prices fell at most stations in Brainerd this morning. Prices at many of the...

...delegate spoke on condition of anonymity as Iran's oil minister, Bijan Namdar Zangeneh, and his Saudi counterpart, Ali Naimi, met for face-to-face talks prior to the meeting of the Organization of the Petroleum Exporting Countries. The 11...

...world, and we are extremely preoccupied and concerned about the world economy," said Saudi Arabia's Oil Minister Ali Naimi. OPEC has insisted it will work to keep oil prices and supplies stable even as the United States and its allies prepare...

...market supply, prices and politics underscore vast differences that will not be narrowed easily. The Saudi oil minister, Ali Naimi, said bringing "a just and durable peace" to the Middle East would lessen market volatility and ensure his country...

...by enough to erase the 2.5 million-barrel-a-day cut it made earlier this year, Saudi Arabia's oil minister Ali Naimi said Monday. U.S. gas prices reached an all-time high in the past two weeks, not adjusting for inflation, according...