Khalid Al-Falih

Saudi Arabia doesn't rule out more oil cuts

Saudi Arabia's Energy Minister Khalid al-Falih does not rule out another oil production cut but stressed that the kingdom will not take any unilateral action, the Al Sharq Al Awsat newspaper reported. "The …

OPEC deal to become more global

Egypt, Norway and Turkmenistan made signs of their willingness to join the oil production cuts, Kuwait's oil minister Essam al-Marzouq said. The minister noted that  Saudi Energy Minister Khalid …

Ilham Aliyev holds meetings in Davos

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 …

Non-Opec nations said to agree to oil production cuts

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 …

OPEC demands Russia to cut oil output

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 …