Posts Tagged ‘Khalid Al-Falih’

US and China seen driving oil demand, no OPEC policy change in April

By REUTERS / Pic By BLOOMBERG
NEW DELHI • Saudi Oil Minister Khalid Al-Falih (picture) said yesterday China and the US would lead a healthy ...

India targets Saudi investment for oil reserve

By BLOOMBERG
NEW DELHI • India is seeking investment from Saudi Arabia to build emergency crude reserves that will act as a buffer against volatility ...

Saudis pledge deeper oil cuts in February under OPEC+ deal

By BLOOMBERG
DUBAI • Saudi Arabia expects to reduce oil output once again in February and pump for six months at levels “well below” the production ...

Saudi to keep Aramco’s hold on oil intact ahead of share sale

DUBAI • Saudi Arabian Oil Co (Aramco) plans to retain exclusive rights to develop Saudi Arabia’s oil reserves even as the kingdom prepares a multi-billion ...

OPEC output falls most in 2 years as Saudi cuts begin

By BLOOMBERG
LONDON • Before its agreement to cut oil supplies even started, OPEC’s production plunged by the most in almost two years last month. In a ...

Saudis back modest OPEC+ output cut, so no shock to market

Delegates say a consensus is emerging around an overall cut of around 1m barrels a day, although the figure isn’t final
By ...

Saudi Arabia breaks 45-year taboo with veiled oil weapon threat

By BLOOMBERG
LONDON • For 45 years, it’s been considered out of bounds for Saudi Arabia. But all of a sudden, Riyadh made what many read as a veiled ...

Saudi said to grant Aramco 40-year oil concession

By BLOOMBERG
LONDON • Saudi Arabia has granted its state-owned oil company a 40-year concession to exploit the kingdom’s hydrocarbon reserves as part ...

Saudis seek to keep oil-market control with OPEC deal fudge

Last Friday’s agreement was a fudge committing to boost output without saying which countries would increase or by how much
VIENNA • When Iran’s oil ...

Aramco IPO ‘most likely’ in 2019

London • The initial public offering (IPO) of Saudi Aramco will “most likely” happen in 2019, the kingdom’s oil minister said last Friday, confirming a ...

Saudis see strong oil and look to secure sales in India

By BLOOMBERG
NEW DELHI • Saudi Arabia signalled the outlook for crude is sunny and sought to secure sales in the world’s fastest growing oil market ...

Saudis see oil output cuts easing in 2019 without hurting market

The next step for global producers will be to phase out the reductions, says oil minister Al-Falih
By BLOOMBERG NEW DELHI • OPEC and its ...