UK Market News
Tag Archives: Saudi Arabia
Khalid al-Falih

In a statement on Sunday, Saudi Arabia’s Energy Minister Khalid al-Falih said that he has invited Alexander Novak, Russia’s energy minister to meet energy ministers in Riyadh in an attempt to work with non-OPEC countries to balance...

By John Shepherd on Oct 23rd, 2016

According to the Minister of Energy and Industry of Saudi Arabia, Khalid Al-Falih, other oil producing nations are willing to cut their production to ensure that oil prices will continue to improve in the global market. At the Oil and Money...

By Kate Ayers on Oct 19th, 2016
OPEC Sign

Next year OPEC estimates an average surplus of 760,000 barrels per day with steady output. Last month the surplus was at 100,000 barrels per day. By 2017, the demand for crude oil from the Organization of Petroleum Exporting Countries is going...

By Laura Parrish on Sep 12th, 2016
Saudi Aramco

Saudi Aramco is seeking a 2 trillion valuation through its IPO. Saudi Arabia is looking to offload a stake in its state-owned oil company Aramco after a slew of problems that include cheap crude amid budget pressures, and fear of a future supply...

By Warren Smith on Sep 1st, 2016
OPEC

During the last month oil prices have started to drop again causing concern for exporters. Members of the Organization of Petroleum Exporting Countries (OPEC) will conduct unofficial discussions during their break from the International Energy...

By Laura Parrish on Aug 8th, 2016
Iran Oil Field

A meeting will be taking place today in Iran between OPEC members. Top oil producers Russia, Saudi Arabia and others such as Qatar and Venezuela agreed on Tuesday to halt output of their crude oil production at January levels if Iran and Iraq...

By Kate Ayers on Feb 17th, 2016