Tag: Khalid al-Falih
Saudi Arabia Says JMMC will be a key decision point to Extending Oil Supply Cuts
The Saudi energy minister on Monday said it was premature to say whether a consensus existed among OPEC and its allies to extend oil supply cuts but a meeting next month would be key. A joint OPEC and non-OPEC ministerial committee known as the JMMC is due to meet in May. Saudi Arabia and Russia ...Oil Output: Saudi Arabia Seeks United Front; Russia and Nigeria May Resist Production Curbs
Saudi Arabia will not cut oil output on its own to stabilise the market, Energy Minister Khalid al-Falih said on Wednesday as Nigeria and Russia said it is too early to signal whether they would join any production curbs. Oil producer group OPEC and its allies, led by Russia, meet in Vienna ...OPEC: Saudi Seek Collaboration With Nigeria On Oil Price Stability Ahead Meeting
Saudi Arabia and Nigeria government have met to strategise ahead of the Organisation of Petroleum Exporting Countries (OPEC) meeting in Vienna, in December. Dr Ibe Kachikwu, Minister of State for Petroleum Resources, disclosed this while briefing newsmen on Wednesday in Abuja after a brief meeting with the Saudi Arabian Minister of oil and ...Saudi Arabia, Russia agreed to lift oil output from September through December … Says OPEC technically able to raise oil output by 1.3 million bpd
Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said. U.S. President Donald Trump has blamed the Organization of the Petroleum Exporting Countries (OPEC) for high ...
