Uzbekistan developes joint projects with Saudi Arabia
Uzbek President Shavkat Mirziyoyev received a delegation from Saudi Arabia
Khalid Al-Falih
Russian Energy Minister to visit Saudi Arabia soon
Russian Energy Minister Alexander Novak said he will visit Saudi Arabia in the near future. Novak said that he planned to visit Saudi Arabia in the near future to meet with Saudi officials ahead of Russian …
Al Falih loses key role in Saudi Aramco
Saudi Energy Minister Khalid Al Falih has lost his role as chairman of the board for Saudi Aramco, Al Falih announced on Twitter Monday. Al Falih will step down from his role as chairman in Aramco’s attempt …
Saudi Arabia can’t save the oil market
The country will not be able to reduce its production to save the crude oil market
U.S. and Saudi Arabia express concern over threats to maritime traffic in Gulf
Saudi Arabia Energy Minister Khalid Al-Falih met U.S. Energy Secretary Rick Perry in Washington yesterday and said both sides expressed concern over threats targeting freedom of maritime traffic in the Arabian …
OPEC's dilemma
OPEC sees new oil surplus in 2020 as U.S. shale surges again
Nine-month extension of oil output cut deal agreed
OPEC + countries voted in favor of joining the OPEC decision to extend the oil output cut deal for nine months while maintaining the quota of the old agreement. "Thank you very much; I believe that we have now joined the decision …
OPEC+ deal to be extended until April 2020?
The most probable and the most discussed period for renewal of OPEC+ oil production capping deal is until April of the next year, a high-ranking source in the alliance said. "Nine months, rather than six, …
What to expect after July OPEC+ summit?
OPEC+, a group of 24 oil-producing countries, look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined top producers Saudi Arabia, Iraq and Russia in endorsing a policy aimed at propping up the price of crude …
Al-Falih assesses OPEC+ deal perspectives
Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid Al-Falih believes that the benefit of participation in OPEC+ is obvious. The minister noted that he met with the Russian President …
Novak and al-Falih discuss possible options for future OPEC+ meeting
Russian Energy Minister Alexander Novak held a bilateral meeting with his Saudi counterpart Khalid al-Falih on the sidelines of the St. Petersburg International Economic Forum (SPIEF) yesterday evening. …
Russia and Saudi Arabia to discuss energy cooperation
Russia and Saudi Arabia’s energy ministers, Alexander Novak and Khalid al-Falih, will chair a trade and economy commission in Moscow on June 10, the Russian energy ministry said. According to …
Oil price drops back to $60
Oil prices fell today amid a global economic slowdown that is starting to hit oil demand, triggering calls in producer club OPEC for supply cuts to be extended. Brent crude futures, the international benchmark for oil prices, were …
World is awash in oil?
Saudi energy minister says world does not need any more oil in coming months
Khalid al-Falih: Saudi Arabia appreciates relations with RDIF
Saudi Arabia enjoys and appreciates its relations with the Russian Direct Investment Fund (RDIF), Saudi Energy Minister Khalid al-Falih said. He said that the RDIF is a first-class organisation, "run very …
Riyadh stays within OPEC+ deal
Saudi Energy Minister Khalid al-Falih said that the kingdom will stay within OPEC+ deal and will not exceed its limit. Earlier, U.S. President Donald Trump said he persuaded Saudi Arabia to increase the …
OPEC+ expresses gratitude to Azerbaijan
The OPEC and non-OPEC countries fulfilled their obligations to reduce oil production, according to the Joint Ministerial Monitoring Committee (JMMC) communiqué, seen by Vestnik Kavkaza. The 13th meeting of the OPEC/non-OPEC …
Baku hosting OPEC and non-OPEC Joint Ministerial Monitoring Committee meeting
Baku is holding the 13th meeting of the OPEC/non-OPEC Joint Ministerial Monitoring Committee (JMMC) today. The event then will feature a presentation on the pace of oil market development, and the report of the Joint Technical …
Khalid Al-Falih warns of dangers of new anti-Russian sanctions
The new sanctions that the US recently has threatened to impose on Russia will have a negative impact on the world, the head of the Ministry of Energy, Industry and Mineral Resources of Saudi Arabia, Khalid al-Falih, warned at a press conference …
Al-Falih believes OPEC+ can reach full implementation of production cuts in March
Saudi energy minister Khalid al-Falih said on Sunday the job of OPEC and its allies was not done yet adding that the group of oil producers needed to “stay the course” at least until June when the current global supply cut agreement …