Tag: Prince Abdulaziz bin Salman

Commercialization, Conventional Fuels

OPEC and its allies agree to deepen oil production cuts

December 6, 2019

Via: CNBC energy

Energy ministers from some of the world’s largest oil producers have agreed to deepen recurring production cuts by an additional 500,000 barrels per day (b/d) through to March 2020. OPEC and non-OPEC allies, often referred to as OPEC+, decided to […]

Commercialization, Conventional Fuels

Saudi Arabia says deeper OPEC cuts will be considered in December

September 12, 2019

Via: CNBC energy

Saudi Arabia’s newly appointed energy minister said Thursday that OPEC and non-OPEC partners would consider deeper production cuts at its next full meeting. Speaking shortly after the conclusion of the Joint Ministerial Monitoring Committee (JMMC) in Abu Dhabi, Prince Abdulaziz […]

News and Policies, World

Saudi Arabia’s new energy minister won’t bring major change but faces a hard road ahead

September 9, 2019

Via: CNBC energy

ABU DHABI — Major changes in Saudi oil policy are unlikely as a new energy minister moves in to take up the decision-making reins for the world’s largest exporter of oil. Saudi Arabia replaced its former energy minister and the […]