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Saudi Energy Minister Khalid al-Falih said that the OPEC+ deal maybe extended to curb output until the end of 2019. Falih said that OPEC and its allies increased production significantly last year ahead of a potential …
The U.S. bill that might expose OPEC to antitrust lawsuits could be “harmful” to the global economy, Saudi Arabia’s energy minister and chairman of state oil company Saudi Aramco Khalid al Falih …
Russian Energy Minister Alexander Novak will meet Saudi Energy Minister Khalid al-Falih at the World Economic Forum in Davos, Switzerland next week, the Russian minister told the journalists, Interfax …
Russian sovereign wealth fund (RDIF) said it would significantly boost its investments deals with Saudi Arabia in 2019. The fund’s CEO Kirill Dmitriev led a delegation of more than 20 Russian business figures to …
Oil near 15-month low on signs of surplus and economic concerns
OPEC, Russia and other oil producers will continue to trim production next year to balance the market, according to Saudi Arabian Energy Minister Khalid Al-Falih, Bloomberg reports. “We will meet in April and …
Saudi Arabia to carry heaviest burden; Iran, Libya, Venezuela exempt
Russian Energy Minister Alexander Novak intends to hold separate bilateral meetings with the oil ministers of Saudi Arabia and Iran, Khalid Al-Falih and Bijan Namdar …
Russian Energy Minister Alexander Novak held a bilateral meeting with Saudi Arabia’s Energy Minister Khalid Al-Faleh before the meeting of the OPEC+ Joint Ministerial Monitoring Committee, according to the Russian Energy …
The OPEC/non-OPEC Joint Ministerial Monitoring Committee is expected to outline the guidelines for the overall oil output level in 2019 at the meeting in Vienna on December 5-7.
Saudi Arabia's crude oil production has hit an all-time high in November of 11.2 million barrels per day (bpd), Bloomberg reported citing an industry source familiar with the matter. In October, the kingdom’s production was …
Oil prices slumped to 2018 lows this morning in choppy trading, pulled down an emerging crude supply overhang amid a bleak economic outlook. The fall came even as markets expect the Organization of the Petroleum Exporting Countries …
Saudi Arabian Energy Minister Khalid al-Falih said on Thursday that he sees weak oil demand in January and said the kingdom would respond accordingly to cool the global market’s anxiety, Reuters reported. The …
By weakening Iran, the sanctions cede Russia the power to balance crude oil markets
Will Saudi Arabia cut crude supply in retaliation for potential sanctions over the killing of journalist Jamal Khashoggi?
There is no guarantee that the oil price will not exceed $100 per barrel next year, the Saudi energy minister Khalid al-Falih said. "I cannot give you a guarantee, because I cannot predict what will happen to …
Saudi Arabia has no intention of unleashing a 1973-style oil embargo on Western consumers and will isolate oil from politics, the Saudi energy minister Khalid al-Falih said. "There is no intention," …
... and rising US stocks
Russian President Vladimir Putin will address the 2018 Russian Energy Week International Forum on October 3 in Moscow. Putin may talk this week with Iranian Oil Minister Bijan Zanganeh and Saudi …
Oil prices jumped more than 2 percent to a four-year high on Monday
