Khalid Al-Falih

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 …

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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 …

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Novak confirms participation in OPEC+ meeting in Baku

Representatives of 14 countries, including Russian Energy Minister Alexander Novak, confirmed their participation in the 13th meeting of the Joint OPEC and non-OPEC Ministerial Monitoring Committee in Baku, according to the …

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Saudi's Falih: OPEC+ deal should be extended

Saudi Energy Minister Khalid al-Falih said that the OPEC+ deal maybe extended to curb output until the end of 2019. Falih said that OPEC and its allies increased production significantly last year ahead of a potential …

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Oil future decided in Vienna

The OPEC/non-OPEC Joint Ministerial Monitoring Committee is expected to outline the guidelines for the overall oil output level in 2019 at the meeting in Vienna on December 5-7.

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Saudi Arabia's daily oil output sets new record

Saudi Arabia's crude oil production has hit an all-time high in November of 11.2 million barrels per day (bpd), Bloomberg reported citing an industry source familiar with the matter. In October, the kingdom’s production was …

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Brent crude slumps to $61.95

Oil prices slumped to 2018 lows this morning in choppy trading, pulled down an emerging crude supply overhang amid a bleak economic outlook. The fall came even as markets expect the Organization of the Petroleum Exporting Countries …

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