Khalid Al-Falih

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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 …

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.

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 …

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 …

Khalid al-Falih: oil price may exceed $100

 There is no guarantee that the oil price will not exceed $100 per barrel next year, the Saudi energy minister Khalid al-Falih said. "I cannot give you a guarantee, because I cannot predict what will happen to …