Saudi Arabia has cut crude exports and the initial evidence hints that the biggest slash is being made in deliveries to the United States. Moreover,
Tag: Khalid al-Falih
Stabilizing Oil Market: Saudis Pondering Production Cut Despite Trump’s Pressure
Saudi Arabia is not going to act alone to cut oil production to stabilize the market, Energy Minister Khalid al-Falih said as Nigeria and Russia
Energy & Human Rights: Saudi Oil Exports to Canada Secure Despite Political Crisis
Saudi Arabia confirmed that its oil supplies to Canada would not be impacted by the ongoing dispute between the two countries after the Kingdom froze
India’s Oil Game-Changer: Saudi Aramco Setting Foot in India’s Oil Sector with a $44 Bn Project
India and Saudi Arabia are going to build a crude-oil refinery with an intended capacity of 1.2 million barrels a day in the Western Indian state
Saudis Scale Back on Public Listing of Giant Aramco
Saudi Arabia is taming its ambitions for a public offering for its oil company Aramco. The country has decided to move ahead with a listing
Market Update: Saudis Remain Committed to Oil Output Cut Deal
Saudi Arabia is committed to sticking with the petroleum output freeze for the remainder of this year even if it means to “overbalance the market
Market Update: OPEC’s Global Oil Production Cuts Extended till End 2018
OPEC and non-OPEC oil producing countries agreed last week (30 November) to prolong the oil production cuts until the end of next year as they
Oil Market Update: Compliance with OPEC’s Production Cut Deal ‘Extremely High’
The global oil market is stabilizing thanks to the full compliance of the OPEC countries to the cartel-administered deal that seeks to curb supply in
Saudi Arabia “Flexible” on Oil Output Freeze Deal Extension
Saudi Arabia said it was flexible regarding the extension of a deal between OPEC, Russia and other producers on cutting oil supplies until the end
Market Update: Oil Supply Outpacing Output Next Year
The International Energy Agency (IEA) said that growth in oil supply would outpace an anticipated increase in demand that will bring the global economy above