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Saudi energy minister says hopes to balance oil market before next year

News Desk
2019-06-16

KARUIZAWA: Saudi Energy Minister Khalid al-Falih said on Saturday that he hopes oil producers will be able to balance the...

Oil markets tighten, brent approaches 60 per barrel

News Desk
2017-10-27

SEOUL: Oil prices inched up on Friday, with Brent crude approaching $60 a barrel, amid tightening market expectations buoyed by...

Saudi Energy Minister responds on OPEC performance

News Desk
2016-06-02

VIENNA: Saudi Arabia’s energy minister Khaled al-Falih claimed that OPEC is very satisfied with oil market due to its rebalancing...

Russia and Saudi Arabia agree to freeze oil output at current levels to keep prices stable

News Desk
2016-02-17

DOHA: Russia and Saudi Arabia agreed for joint efforts to freeze oil production to keep prices at current level. Saudi...