page 5
OPEC and its allies may prolong production cuts after they expire in June if the world’s crude inventories remain excessive, Saudi Arabia’s Energy Minister Khalid Al-Falih said. The curbs will be …
Despite 91% OPEC Compliance
Saudi Energy Minister Khalid Falih said on Thursday he plans to use an upcoming meeting with his Russian counterpart Alexander Novak in Vienna to discuss monitoring oil output cuts under the …
Azerbaijani President Ilham Aliyev held a series of meetings at the World Economic Forum, which is taking place in Davos, Switzerland. Yesterday, the President met with President of the Swiss Confederation …
Russia and several other non-Opec nations pledged to curb oil production next year by more than 600,000 barrels a day at a meeting in Vienna on Saturday, Bloomberg reported citing a delegate source. It is the first such pact …
Saudi Energy, Industry and Petroleum Minister Khalid Al-Falih will be the next OPEC President, the current OPEC President, Qatar's Minister of Energy and Industry Mohammed Bin Saleh Al-Sada said. …
OPEC will continue to insist on Russia cutting, not just freezing oil production after the organization finalizes its own agreement, the Saudi Energy Minister Khalid al-Falih said before the OPEC meeting. "A freeze …
A huge oil discovery in Texas can be the biggest ever for the U.S
Further relaxation of drilling and environmental regulations, coupled by faster approval of midstream infrastructure will lend support to the recovery in output under Trump
Russian Energy Minister Alexander Novak said after meeting OPEC counterparts he was more confident a deal could be reached between Moscow and the group on output to help lift world oil prices. Speaking to reporters, …
OPEC, Russia expand diplomatic push to secure oil-cuts deal
Russia is ready to support OPEC's decision on an oil output freeze and sees big chances that the oil producers' group can agree on the terms of the freeze by Nov. 30, Russian Energy Minister Alexander Novak said on …
Saudi Arabia is optimistic that major oil producers will agree to cut production by November
The oil price will top $60 per barrel by the end of 2016, the Minister of Energy, Industry and Mineral Resources of Saudi Arabia, Khalid Al-Falih, said at the 23rd International Energy Congress in Istanbul on Monday. …
Algerian Oil Minister Noureddine Buterfa will visit Paris tomorrow to discuss oil prices with Saudi counterpart Khalid al-Falih …
Iran wants a stable market and therefore any measure that helps the stabilisation of the oil market is supported by Iran
Russia and Saudi Arabia have agreed on measures - joint or in cooperation with other oil producers - with the aim of maintaining stability on the crude market and providing a sustainable level of long-term investment. That's according to a …
Saudi Arabian Energy Minister Khalid al-Falih said the top crude exporter does not target a specific figure for its oil production and that its output is based on customers' needs. "We in the kingdom of Saudi …
Iran has regained about 80 percent of the market share it held before sanctions intensified in 2012
OPEC Secretary-General Mohammed Barkindo sees a growing understanding inside and outside the oil producers' group that action is needed to manage crude production in order to support prices. "There is growing …
