When a business delegation met Crown Prince Mohammed bin Salman recently, they were surprised to hear a candid admission about Neom, his $500bn mega plan to turn virgin Saudi shoreline Continue Reading
Saudi Arabia’s Energy Minister Khalid al-Falih said in a tweet he had discussed the state of the oil market with U.S. Energy Secretary Rick Perry on Monday in Dhahran, Saudi Continue Reading
War is inherently risk-intense, and therefore is not by any to be entered into unadvisedly or lightly. The more comprehensive the engagement the less predictable the outcome. So it is Continue Reading
Saudi Arabia’s oil minister Khalid Al-Falih said Friday the kingdom produced 11.1 million barrels per day (Mmbpd) in November, but should reduce production by 400,000 Bpd in December amid lower Continue Reading
U.S. Secretary of Energy Rick Perry reiterated the “need for stable supply and market values” during talks with Saudi Energy Minister Khalid Al-Falih in Saudi Arabia, the U.S. Department of Continue Reading
The U.S. government confirmed that Saudi Energy Minister Khalid al-Falih met with U.S. special representative for Iran Brian Hook in Vienna on Wednesday, contradicting a Saudi denial that the talks Continue Reading
“They have to stop doing this,” one OPEC official said, referring to private talks between Russia and Saudi Arabia. “It’s not justice. The lives of entire populations are at stake.” Continue Reading
Shaken by Qatar’s surprise plan to drop out of the producer group, OPEC still needs to reassure a nervous oil market when it meets later this week. Responsibility for delivering Continue Reading
One truth eternally rears its head in global oil markets: When the current price for oil no longer clears the market, it will drop. The inverse is also true: When Continue Reading
To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. Continue Reading
