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Brent crude climbed above $80 a barrel after OPEC and its allies signaled less urgency to boost output despite U.S. pressure to temper prices. Futures in London rose as much as 1.7%. OPEC and its partners gave a tepid response to U.S. …
Oil up as U.S. drilling growth stalls, Iranian sanctions bite
after a Houthi attack on two Saudi tankers near the port of Hodeidah
US State department officials met with Saudi Energy Minister Khalid al-Falih in Jeddah to discuss maintaining a well-supplied oil market to guard against volatility and coordinating oil sanctions against Iran, US State …
Russian Energy Minister Alexander Novak and Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid Al-Falih held a telephone conversation today, the Russian Energy Ministry …
Saudi Arabia expects that Russia will soon apply for membership in OPEC, the country’s minister of oil Khalid al-Falih said today. "We invited Russia as an observer and associate member, and we hope that they will consider …
Ministers say time is right to make alliance more formal
Saudi Energy Minister Khalid Al-Falih said he hopes that the meeting of the ministers of OPEC in Vienna today will result in an agreement on adjustment of oil production quotas.
The world faces a large oil supply deficit in the second half of 2018 and hence releasing additional supplies of around 1 million barrels per day is required to prevent a market squeeze, Saudi Energy Minister Khalid al-Falih …
Saudi Arabia and Russia have agreed to make a next move towards expanding cooperation in the energy sector, especially in the oil-and-gas segment, says a joint statement of Russian Energy Minister Alexander Novak and Saudi …
OPEC and its allies are likely to gradually raise oil output in the second half of the year
Acting Russian Energy Minister Alexander Novak plans to hold negotiations with Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid Al-Falih at the St. Petersburg International Economic …
OPEC has said it might consider using other oil inventories data that is far harder to track
Russia’s Energy Minister Alexander Novak said that Russia and OPEC may assume joint efforts on balancing the oil market after completion of the crude production cut deal (OPEC+).
Oil has doubled in price in two years
Saudi Arabia proposed to make the deal between OPEC and their non-OPEC allies permanent after the completion of a deal to reduce oil production, Saudi Energy Minister Khalid al-Falih said. "At the end of the year, …
Oil prices climbed on Monday, pushed higher by comments from Saudi Arabia that cooperation between oil producers who are currently withholding supplies in an effort to prop up the market would continue beyond 2018. As Reuters writes in an …
Oil prices climbed today, pushed higher by comments from Saudi Arabia that cooperation between oil producers who are currently withholding supplies would continue beyond 2018. Brent crude futures were at $68.89 a barrel at 0315 GMT, up …
A representative office of Saudi Arabia's state oil company Saudi Aramco will be opened in Azerbaijan soon, Saudi Arabia's Minister of Energy, Industry and Mineral Resources Khalid Al-Falih said at a meeting with …
The kingdom’s future heavily depends on the IPO’s success.
