Ali al-Naimi

Will Saudi Arabia's Gambit Drive Oil Prices Even Higher?

Saudi Arabian Oil Minister Ali al-Naimi said his country cut oil production in March because the market was oversupplied. Was this move an honest bid to a bid to expose the speculators and push prices back down, or an attempt to capitalize on the current instability to propel prices higher?

OPEC minister predicts $75 oil

Will oil keep going higher? The oil minister of Saudi Arabia thinks so, even though OPEC does not appear ready to change its production targets in...