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Saudi Arabia

OPEC set for no deal as Iran rejects Saudi oil output offer


ALGIERS Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.

Iraq mediating between Saudis and Iran to support oil prices

BAGHDAD Iraq is carrying out a mediation between Saudi Arabia and Iran to bring about an agreement that would lift crude prices, at a meeting of crude-producing nations in Algiers, Iraqi Oil Minister Jabar Ali al-Luaibi said on Tuesday.

4:12pm EDT

Iran downplays chances of oil deal, UAE keen on freeze

ALGIERS Iran downplayed on Monday the chances of OPEC and non-OPEC oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group said they still hoped for steps to tackle a price-eroding glut of crude. | Video

Sep 26 2016

Houthi official in Yemen offers border truce, amnesty

SANAA A top official in Yemen's armed Houthi movement on Sunday offered to stop attacks on Saudi Arabia and an amnesty for Yemeni fighters opposing the group if the kingdom stopped air strikes and lifted a near blockade on the country.

World, United Nations, Yemen Sep 25 2016

Coalition forces kill Houthi general on Saudi-Yemen border: sources

DUBAI A senior military officer of Yemen's Houthi movement has been killed in clashes on the border with Saudi Arabia, a source in the Saudi-led coalition fighting the Iranian-allied group said on Saturday.

World, Yemen Sep 24 2016

Saudis offer oil cut for OPEC deal if Iran freezes output: sources

DUBAI/LONDON Saudi Arabia has offered to reduce oil production if rival Iran caps its own output this year, four sources familiar with the discussions told Reuters, as Riyadh tries to strike an elusive OPEC deal to curtail supply and boost prices.

Sep 23 2016

Saudis keen for consensus on OPEC production by November: source

DUBAI Saudi Arabia and other OPEC nations are looking at various scenarios in an effort to find common ground by November to stabilize the oil market, a Gulf OPEC source familiar with Saudi thinking said on Friday.

Sep 23 2016

Egyptian court jails five juveniles over Red Sea island protest

CAIRO An Egyptian court sentenced five juveniles to five years in prison and a fine of 100,000 Egyptian pounds ($11,000) for protesting against a decision to transfer two Red Sea islands to Saudi Arabia, a judicial source and state media said.

World, Egypt Sep 23 2016

Iran's Rouhani at U.N. calls on rival Saudi to cease 'divisive policies'

UNITED NATIONS Iranian President Hassan Rouhani on Thursday called on regional rival Saudi Arabia to "cease and desist" from "divisive policies" if it was serious about regional peace and security.

World, United Nations, Davos Sep 22 2016

Senate clears way for $1.15 billion arms sale to Saudi Arabia

WASHINGTON The U.S. Senate cleared the way for a $1.15 billion sale of tanks and other military equipment to Saudi Arabia on Wednesday, defending a frequent partner in the Middle East recently subject to harsh criticism in Congress.

Election 2016, Politics, World, Sep 22 2016

Syrian government launches Aleppo ground attack

BEIRUT Syrian government forces and their allies attacked the opposition-held sector of Aleppo on several fronts on Tuesday, the biggest ground assault yet in a massive new campaign that has destroyed a U.S.-backed ceasefire. | Video