Saudi Arabia expects that oil producing states will reach a common decision at the meeting of the Organization of the Petroleum Exporting Countries (OPEC) in late November
Oil&Gas 20 October 16:23
Saudi Arabia’s policy of flooding the market with oil to try and squeeze out other producers from the market has failed.
Oil&Gas 19 October 13:50
Oil market is now at the end of a considerable downturn.
Oil&Gas 14 October 11:55
Saudi Arabia’s crude oil supply, excluding condensates, stood at 10.59 million barrels per day in the third quarter of 2016, as compared to 10.22 million barrels per day in the same period in 2015.
Oil&Gas 10 October 12:58
Saudi Arabia's Energy Minister Khalid al-Falih said on Monday that OPEC should not crimp oil supply too tightly and said he was optimistic a global production deal to limit supplies could be reached by November.
Arab World 10 October 12:56
A global production deal to limit oil supplies could be reached by OPEC’s meeting in Vienna, Austria Nov.30, according to Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid Al-Falih.
Oil&Gas 10 October 11:54
It is not unthinkable to see oil prices at $60 per barrel by year end.
Turkey 30 September 06:03
Turkey's Prime Minister on Thursday stressed increased cooperation with Saudi Arabia in the fight against terrorism in Ankara
Turkey 29 September 20:04
Saudi Arabia’s crown prince, deputy prime minister and interior minister, Muhammad bin Nayef bin Abdulaziz Al Saud has made an unplanned visit to Turkey.
Oil&Gas 27 September 22:27
Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude