Saudi Energy Minister Khalid al-Falih said Russia was the only oil exporter still undecided on the need to extend an output deal between OPEC and its allies until the end of the year
Falih said OPEC is guided by two main principles: “One to keep the market in its direction towards balancing and inventories back to normal level. And two to be responsive to market needs. We will strike the right balance I am sure.”
Saudi Arabia rejected reports that Aramco's planned initial public offering had been scrapped, saying the kingdom had stepped up preparations for the stock market debut of the state energy giant.
BAGHDAD: Saudi Oil Minister Khalid al-Falih made a high profile visit to Iraq on Saturday, calling for increased economic cooperation and praising existing coordination...
RIYADH: Saudi Arabia has appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi, who had held the post since 1995.
RIYADH: Saudi King Salman bin Abdulaziz on Wednesday sacked his younger half brother as crown prince and appointed his nephew, Deputy Crown Prince Mohammed bin Nayef, as the new heir apparent, state television said.