Khalid Al-Falih

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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 …

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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 …

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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 …

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Saudi Arabia predicts $60 per barrel by end of 2016

The oil price will top $60 per barrel by the end of 2016, the Minister of Energy, Industry and Mineral Resources of Saudi Arabia, Khalid Al-Falih, said at the 23rd International Energy Congress in Istanbul on Monday. …

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