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Tag: Khalid al-Falih


Commercialization, Conventional Fuels

OPEC is struggling to prove it can still arrest oil price declines in the age of Trump, expert says

September 5, 2019

Via: CNBC energy

OPEC is under intensifying pressure to show it still has the power to reverse a slide in oil prices, according to RBC Capital Market’s Helima Croft. The Middle East-dominated producer group has struggled to shore up crude futures this year, […]


Commercialization, Conventional Fuels

OPEC set to extend oil production curbs by nine months

July 1, 2019

Via: CNBC energy

OPEC and its allies looked all but certain to extend oil supply cuts by nine months, after several members of the Middle East-dominated producer group endorsed a policy designed to support oil prices amid a weakening global economy. Saudi Arabia’s […]


Commercialization, Conventional Fuels, News and Policies, World

Saudi Arabia denies it threatened to strip the US dollar from oil trading

April 8, 2019

Via: CNBC energy

Saudi Arabia on Monday denied a report that the kingdom is threatening to sell its oil in currencies other than the U.S. dollar if American lawmakers pass legislation targeting OPEC. Reuters reported last week that the Saudis had raised the […]


Commercialization, Conventional Fuels, News and Policies, World

Saudi Arabia will ignore Trump’s ‘tolerance threshold’ for oil prices, analyst says

March 29, 2019

Via: CNBC energy

OPEC kingpin Saudi Arabia will continue to ignore President Donald Trump’s tolerance threshold for rising oil prices, one analyst told CNBC on Friday, putting Riyadh on a “collision course” with Washington. Trump delivered his second warning to OPEC this year […]


News and Policies, World

Saudi energy minister responds to Trump’s tweet that said OPEC should ‘relax’

February 27, 2019

Via: CNBC energy

Saudi Energy Minister Khalid al-Falih said OPEC is taking a measured approach to supply cuts, directly responding to comments from President Donald Trump earlier in the week telling the oil producing body to “relax.” “We are taking it easy,” he […]