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Sunday 8 June 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

Khaled al-Faleh

Saudi Arabia calls for oil producers

Themuslimchronicle, themuslimchronicleSaudi Arabia calls for oil producers292523/504
Muscat - Muslimchronicle
Top oil exporter Saudi Arabia called Sunday for extending cooperation between OPEC and non-OPEC producers beyond 2018, after a deal to cut output succeeded in shoring up prices. The call, the first explicit invitation by Riyadh for long-term cooperation between oil producers, came with oil prices topping $70 a barrel thanks to the deal, after they dove below $30 a barrel inRead more

Aramco’s evaluation will be a pleasant surprise

Themuslimchronicle, themuslimchronicleAramco’s evaluation will be a pleasant surprise248971/85
Dubai - Arab Today
Saudi Arabia’s Minister of Energy Industry and Mineral Resources, Khaled al-Faleh, told reporters that all the news currently circulated about Aramco’s evaluation are mere speculation. Al-Faleh said that the company will be thoroughly evaluated by independent institutions, adding that the final evaluation will be a pleasant surprise for potential shareholders. The Saudi oil comopany enjoys low expenses compared to itsRead more

Saudi Arabia cuts oil production based on OPEC’s agreement

Themuslimchronicle, themuslimchronicleSaudi Arabia cuts oil production based on OPEC’s agreement248649/318
Riyadh – Arabs Today
Saudi Arabia’s Minister of Energy Industry and Mineral Resources, Khaled al-Faleh, said that the global demand for oil will grow by 1.5 million barrels this year, pointing out that Saudi Arabia has reduced its production by more than it pledged in the Organization of the Petroleum Exporting Countries’ agreement, recording less than 10 million bpd. The OPEC's historic agreement withRead more

OPEC production cut 'imperative'

Themuslimchronicle, themuslimchronicleOPEC production cut 'imperative'215685/394
Algiers - Arab Today
Saudi Arabia's oil minister said it was "imperative" that OPEC nations finalise an agreement over a cut in oil production aimed at boosting crude prices, Algerian media said Sunday. Khalid al-Falih met his Algerian counterpart Noureddine Boutarfa on Saturday and called on cartel members to stick to the surprise cut deal, reached in Algiers in September. "In this period markedRead more

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