Khalid Al-Falih

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US and Saudi Arabia discuss sanctions against Iran

US State department officials met with Saudi Energy Minister Khalid al-Falih in Jeddah to discuss maintaining a well-supplied oil market to guard against volatility and coordinating oil sanctions against Iran, US State …

Saudi Arabia hopes Russia to join OPEC

Saudi Arabia expects that Russia will soon apply for membership in OPEC, the country’s minister of oil Khalid al-Falih said today. "We invited Russia as an observer and associate member, and we hope that they will consider …

Saudi's Falih: world needs 1 mln bpd extra oil supply

The world faces a large oil supply deficit in the second half of 2018 and hence releasing additional supplies of around 1 million barrels per day is required to prevent a market squeeze, Saudi Energy Minister 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+).

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, …

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 …

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 …