saudi arabia

Natural Gas Can Be America's Fuel of the Future

Unless there's a breakthrough in battery technology, gasoline will remain the primary auto fuel in the U.S. for years. But our dependence on imported oil comes with a major risk of supply disruption. And the U.S. has a domestic alternative that's ready and reliable: natural gas.

Saudi Arabian Airlines Orders 12 Boeing Jets for $3.3 Billion

Saudi Arabian Airlines placed an order for 12 Boeing (BA) 777-300 "Extended Range" planes in a deal worth $3.3 billion. The deal gives the Saudi carrier, which is in the process of privatization, an option for another 10 777s, Reuters reported. Saudi Arabian Airlines also ordered eight Boeing 787 Dreamliners for an unspecified price.

OPEC to Leave Oil Output Unchanged

The Organization of the Petroleum Exporting Countries will leave oil output unchanged, a delegate at the group's current meeting told Reuters. Oil ministers apparently are not worried the weak dollar will drive up the price of crude far enough that it will crimp the global economic recovery.

Why the Financial Crisis Spells the End of Western Power

In a new article, political scientist Ian Bremmer and respected economist Nouriel Roubini assert that the free-market system of capitalism has been so damaged by the recent financial crisis that the West's era of political and economic dominance may be gone for good.

Indian Authorities to Meet to Discuss BlackBerry Messenger Ban

Indian officials will meet today to discuss whether to ban BlackBerry instant messenger service. India%u2019s home ministry and intelligence agencies are to meet Monday to discuss the RIM proposals, Bloomberg News said without naming its sources. Research In Motion (RIMM) said Aug. 26 that any solution would have to ensure security for communications

Saudis Give BlackBerry a Stay of Execution

Saudi Arabia will not ban the Research In Motion's Blackberry -- for now. The Canadian company appears to have agreed to meet security requirements demanded by the Saudi government, which seeks access to data on BlackBerry users.

U.S. Plans to Sell F-15 Fighter Jets to Saudi Arabia

The U.S. plans to sell advanced F-15 fighter jets to Saudi Arabia in a $30 billion, 10-year arms package. The 84 Boeing Co. (BA) F-15s could help the Saudis deal with skirmishes with Yemeni rebels on the country%u2019s southern border, The Wall Street Journal said. The planes will have onboard targeting systems similar to those offered to other foreign governments, but will not be as sophisticated as the F-15s flown by the U.S. military.

RIM's Saudi Arabia Deal Gives Up Privacy

BlackBerry maker RIM reached a deal with Saudi Arabia, averting a ban on its service in the country. The pact gives the country's government the ability to monitor messages to and from RIM's smartphones.

Strange 'Disappearance' of Nigeria's President Rattles U.S.

Forget Austin Powers. The real "international man of mystery" is President Umaru Yar'Adua of Nigeria, who hasn't been seen in public for weeks. The absence comes at a tricky time for U.S.-Nigerian relations, as a Nigerian has been charged with trying to blow up a U.S. airliner and Obama needs Nigeria's help to counter Al-Qaeda's growing influence in the region.

Saudi Arabia gives oil price thumbs up

OPEC might as well have just one member. Saudi Arabia is the largest crude producer in the cartel. If it does not go along with an increase or cut in...

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...

Russia pushing for higher crude prices

Russia is one of the largest oil producing nations in the world. The falling price of crude has clearly hurt its economy, but the country has seemed...

Are oil prices dangerously low?

As the immortal Larry King would say, "This, we don't need." One of the few benefits of the recession has been the drop in oil prices. Global oil...