Saudi Arabia

Saudi Arabia's king holds talks with Pompeo

U.S. Secretary of State Mike Pompeo met with Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman today amid heightened tensions with Tehran after President Donald Trump called …

IEA: oil output from OPEC falls in May

Oil output from OPEC fell in May by 230,000 barrels per day to 29.95 million bpd, hitting a five-year low, according to data from the International Energy Agency (IEA). In May, top OPEC producer Saudi Arabia’s output fell by …

Russia to offer VIP version aircraft to Saudi Arabia

  Russia plans to offer Sukhoi SuperJet 100 aircraft in its VIP version and medium-haul MC-21 aircraft to Saudi Arabia, Energy Minister Alexander Novak said at a meeting of the joint Russian-Saudi intergovernmental …

Al-Falih assesses OPEC+ deal perspectives

Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid Al-Falih believes that the benefit of participation in OPEC+ is obvious. The minister noted that he met with the Russian President …

Oil price drops back to $60

Oil prices fell today amid a global economic slowdown that is starting to hit oil demand, triggering calls in producer club OPEC for supply cuts to be extended. Brent crude futures, the international benchmark for oil prices, were …