Khalid Al-Falih

Russia not to join OPEC, but...

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+).

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Does OPEC+ deal have a future?

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, …

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Oil prices rise on Saudi Arabia comments

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 …

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Saudi Aramco office to be opened in Azerbaijan

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 …

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OPEC agree on oil-cuts extension to end of 2018

OPEC agreed to extend its oil-production cuts to the end of next year as the job of rebalancing the market is not yet done, according to delegates at a ministerial meeting in Vienna. Talks have now moved on to the mechanism that will be …

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Saudi Arabia to invest more than 25 Russian projects

Saudi Arabia is planning to invest in more than 25 agriculture, oil and gas projects in Russia, the Russian Industry and Trade Ministry's press service said in a statement. Russian Minister of Industry and Trade Denis …

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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 …

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