There is too much crude on global oil markets, senior oil officials from Iran and Libya said Monday, as the price of oil continued a two-month slide. ...more

September 9, 2008

Iraq opened international bidding for eight enormous oil and gas fields, paving the way for major investments in a nation with one of the world's largest petroleum reserves. ...more

July 1, 2008

Facing strong U.S. pressure and global dismay over oil prices, Saudi Arabia said Sunday it will produce more crude this year if the market needs it. But the vague pledge fell far short of U.S. hopes for a specific increase and may do little to lower prices immediately. ...more

June 23, 2008

SAUDI ARABIA - Saudi Arabia is willing to produce more oil if customers need it, the kingdom's oil minister said Sunday without citing any specific output increase. ...more

June 22, 2008

President Bush and Saudi leaders tangled Tuesday over the price of oil, with the president reminding this wealthy desert kingdom that U.S. purchases could fall if the American economy slipped because Saudis refused to commit his country to greater production to lower costs at the pump. ...more

January 16, 2008

An accidental explosion and fire on a natural gas pipeline in eastern Saudi Arabia on Sunday killed 28 people and left 12 missing, Saudi officials said. ...more

November 19, 2007