By Reem Shamseddine, Tom Finn and Rania El Gamal RIYADH/DOHA, Nov 17 – The energy minister for top OPEC exporter Saudi Arabia said on Thursday he was optimistic about OPEC’s deal to limit oil output and mentioned the lower end of a previously agreed production target, helping spur a rally in the price of crude.
By John Kemp LONDON, Aug 23 (Reuters) – Saudi Arabia’s oil production hit a record in July, according to published statistics, and is likely to hit another in August, according to industry sources. Some analysts have interpreted the increases as an aggressive demonstration of the kingdom’s ability to ramp up output ahead of an informal
By Ahmad Khatib When he was appointed Minister of Health in 2015, Khalid Al Falih was widely regarded as the understudy for the then Minister of Petroleum and Mineral Resources, Ali Al Naimi. In addition to joining the Saudi cabinet, Falih, had also replaced Naimi as Chairman of Saudi Arabia’s oil giant, Aramco, promoted from
By Angus McDowall , Rania El Gamal and Reem Shamseddine RIYADH, May 9 – Managing Saudi Arabia’s new energy mega-ministry, set to oversee over half the economy and designed to cut through a tangled bureaucracy to make government more coherent and efficient, will be a formidable challenge. The new Energy, Industry and Mineral Resources Ministry, under
By Dmitry Zhdannikov and Rania El Gamal LONDON/DUBAI, May 8 – It was January 2016 and oil prices had crashed to their lowest in more than a decade. Saudi Arabia’s health minister, Khalid Al Falih, a favorite to take over the oil ministry from his mentor Ali Al Naimi, was not panicking. Falih told an audience of oil executives,