InfoAnda - Exclusive: West wants Saudi not to neutralize oil release |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

"Eclipse" Stars To Surprise Fans In Select Theaters | 3 July 2010
Fate of Italians detained in Afghanistan unknown | 16 April 2010
No prosecution for guard in Conn. model scuffle | 5 September 2009

AT&T says iPhone demand incredible | | 19 September 2012

Forum Views () Forum Replies ()

Read more with google mobile : Exclusive: West wants Saudi not to neutralize oil release |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Full Focus Editor's choice Our best photos from the last 24 hours. Full Article Images of February Follow Reuters Facebook Twitter RSS YouTube Read Exclusive: Brazil to rally BRICS against rich countries 28 Mar 2012 Pope meets Cuba's Fidel Castro, slams U.S. embargo | 28 Mar 2012 Authorities charge JetBlue pilot for midair meltdown 10:07am EDT Special Report: Gaddafi's secret missionaries 3:15am EDT Man hugs doctors after seeing face transplant in mirror 27 Mar 2012 Discussed 242 Poll: Americans angry with Obama over gas prices 224 Cheney recovering after heart transplant: spokeswoman 215 Black friend defends shooter of Florida teen Watched Congressman dons a hoodie, gets kicked off House floor Wed, Mar 28 2012 Elephant runs away from circus 12:16am EDT Horror hits the runway in Japan Fri, Mar 23 2012 Exclusive: West wants Saudi not to neutralize oil release Tweet Share this Email Print Related News Oil slips under $123, release talk continues 11:21am EDT Consumers plot emergency oil release as Saudi decries high prices 8:09am EDT Crude ends lower on inventory rise, reserves talk Wed, Mar 28 2012 France discussing strategic oil release with UK, U.S. Wed, Mar 28 2012 UPDATE 10-Oil falls on rise in crude stocks, reserves talk Wed, Mar 28 2012 Analysis & Opinion North Sea blowout hardly justifies Total meltdown Saudi religious police drop lethal car chases in effort to improve image Related Topics World » Saudi Arabia » Gasoline drips off a nozzle during refueling at a gas station in Altadena, California March 24, 2012. Picture taken March 24, 2012. Credit: Reuters/Mario Anzuoni By Richard Mably LONDON | Thu Mar 29, 2012 12:27pm EDT LONDON (Reuters) - Oil consuming nations may seek reassurance from Saudi Arabia that it will not cut oil production and neutralize the impact on oil prices if consumer countries release emergency reserves, diplomats and industry sources said. The issue may be raised by a U.S. delegation, led by U.S. Secretary of State Hillary Clinton, which is in Riyadh this weekend to discuss Syria with Gulf states. Clinton will see Saudi King Abdullah and Foreign Minister Saud al-Faisal. "If they're going to release reserves they need an assurance from the Saudis that they won't offset it by cutting supply," said one industry source familiar with thinking in Washington. "There's no doubt the measure needs the cooperation of Saudi Arabia," said a diplomat. The United States, with Britain and France, is considering a release from emergency stockpiles to cut fuel costs. Other countries including South Korea and Japan may join the plan. Riyadh would not want deliberately to undermine an effort to bring down oil prices. But it might reduce supplies in response to a release of oil drawn from reserves if that were to displace Saudi supplies, particularly in the United States where the national Strategic Petroleum Reserve would provide the bulk of any drawdown. Oil prices have risen sharply since the start of the year, at one point breaking $128 a barrel, largely because of sanctions against oil producer Iran aimed at slowing Tehran's nuclear program. Diplomats have said the sanctions aim to meet Israeli demands for action against Tehran by hitting Iran's oil earnings and to prevent the alternative - a military strike by Israel. "The view is that higher oil prices are a price worth paying to prevent or push back a war against Iran and higher oil prices can be alleviated by using emergency stocks," said the industry source. Saudi Oil Minister Ali al-Naimi has said publicly that Riyadh wants to bring down oil prices. But he has also said that Saudi can do no more than meet demand for its crude, which it is already doing, and that the previous drawdown of oil reserves last June during the Libyan civil war did not work. "That's up to them," he said to reporters in Doha last week of a possible consumer country release. "What I can tell you is that they have done it before and it didn't do anything. You saw what happened in the last release? Nothing." The concern among Western diplomats is that oil from strategic stocks could displace Saudi barrels, particularly to the United States where Saudi imports have risen recently, leaving net supplies globally little changed. Last year after the International Energy Agency tapped reserves at the end of June to fill the gap left by Libya's civil war, Saudi output at first remained high, and then fell. Reuters estimates put Saudi production at 9.85-9.9 million barrels per day from July to September before falling to just over 9.4 million bpd in October and November. It has since risen steadily back to about 9.9 million bpd now. (Editing by William Hardy) World Saudi Arabia Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Thursday, 29 March 2012
Thousands rally for Mali junta, Toure says free |
Body of French gunman may be sent to Algeria for burial |
U.S. generals, Pakistan army chief meet on NATO skirmish |
France's Sarkozy narrows Hollande's second round poll lead |
Libya militias resume fighting after ceasefire |
Mexico presidential favorite Pena Nieto has clear lead: poll |
Facebook halts secondary market trading, plans for May IPO |
Third Point blasts Yahoo for board picks |
Silicon Valley startup gala spurs feeding frenzy |
One 'Bully' in theaters, but bigger bullies on Web |
The Hunger Games soundtrack tops Billboard chart |
'Mad Men' creator Matt Weiner to direct first movie |
Pope meets Cuba's Fidel Castro, slams U.S. embargo |
Syrian violence ignores peace diplomacy |
BRICS nations voice concern over pace of IMF reforms |
Australia PM stands by Huawei ban despite China plea |
Zimbabwe court says no foul play in general's death |
Poverty drives central Europe's great exodus |
Yemen frees Ethiopians held by gunman seeking ransom |
Torture marred rule of fallen Chinese leader: lawyer |
Spanish strike tests tolerance for austerity |
Japan hangs 3 murderers in first executions since 2010 |
Apple CEO visits Foxconn's iPhone plant in China |
Online advertisers cautioned against privacy blunders |
Pioneering feminist poet Adrienne Rich dead at 82 |
Aerosmith says new album brings a little of 1975 back |
Bad boy Sheen on a comeback
Bobby Brown charged with drunk driving |
No clear way to court for Syria war crimes suspects |
Exclusive: West wants Saudi not to neutralize oil release |
Myanmar's Suu Kyi: from prisoner to would-be lawmaker |
U.N. council worried by Yemen political deterioration |
Turkish prosecutors seek jail for 364 officers |
African leaders scrap Mali trip after runway invasion |
Analysis: Storm clouds gather over Monti's Italy reform drive |
Chavez back in Venezuela after radiation therapy |
Rockets explode as Arab leaders meet in Baghdad |
French gunman's body not wanted in Toulouse or Algeria |
Star-struck Japan PM befriends Facebook's Zuckerberg |
EBay names David Marcus president of PayPal |
Australia PM stands by Huawei ban despite China plea |
Best Buy sales, restructuring disappoint |
Greece's OPAP shortlists three firms for online betting |
Florence + The Machine get Unplugged for MTV |
Glamorous offerings earmark environment at Green Auction |
UK Sonisphere fest cancelled in challenging year |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01