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Khalid al-Falih

Saudi oil minister makes 2nd visit to India in less than 3 weeks

Saudi oil minister makes 2nd visit to India in less than 3 weeks

Sat, Mar 09, 2019

Al-Falih, who has known Ambani for over a decade now, had previously travelled to Udaipur in December last year to attend the pre-wedding festivities of Ambani's daughter Isha's marriage with industrialist Ajay Piramal's son Anand.

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OPEC, allies set to agree oil cut extension to end of 2018

OPEC, allies set to agree oil cut extension to end of 2018

Thu, Nov 30, 2017

As the 14-country OPEC`s meeting started in Vienna, Saudi Energy Minister Khalid al-Falih said he favoured extending cuts by nine months until the end of 2018. He said it was premature to talk about exiting the cuts at least for couple of quarters and added that OPEC would examine progress at its next meeting in June.  

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Saudis, oil majors discuss gas investments ahead of giant IPO

Saudis, oil majors discuss gas investments ahead of giant IPO

Tue, Apr 11, 2017

Officials of Saudi Arabia have explored investment opportunities with firms including BP and Chevron to help develop its gas reserves. 

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TRENDING NOW

OPEC could extend or deepen supply cut if oil glut persists: Sources

OPEC could extend or deepen supply cut if oil glut persists: Sources

Fri, Feb 17, 2017

The organisation of petroleum exporting countries (OPEC) could extend its oil supply-reduction pact with non-members or even apply deeper cuts from July if global crude inventories fail to drop to a targeted level. 

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OPEC, non-OPEC agree first global oil pact since 2001

OPEC, non-OPEC agree first global oil pact since 2001

Sun, Dec 11, 2016

OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries.

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Saudis order oil cuts to US, Europe before non-OPEC talks

Saudis order oil cuts to US, Europe before non-OPEC talks

Sat, Dec 10, 2016

Saudi Arabia has told its US and European customers it will reduce oil deliveries from January, as Russia said it was confident non-OPEC producers would fully join OPEC`s output limits on Saturday in the first such move since 2001. 

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Oil prices fall in early trade as Saudi Arabia dampens prospects of output freeze

Oil prices fall in early trade as Saudi Arabia dampens prospects of output freeze

Fri, Aug 26, 2016

Oil prices dipped in early trading on Friday after the Saudi Arabia energy minister tempered expectations of strong market intervention by producers during talks next month.

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Saudi Arabia promises not to shock oil market as OPEC debates policy

Saudi Arabia promises not to shock oil market as OPEC debates policy

Thu, Jun 02, 2016

Several OPEC sources said Saudi Arabia and its Gulf allies had tried to propose a new collective ceiling in an attempt to repair OPEC's waning importance and end a market-share battle that has sapped prices and cut investment.

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