BUSINESS NEWS | Saudi Aramco Appoints Mark Weinberger To Board Of Directors

RIYADH | SAUDI ARABIA – Saudi Arabia has appointed Mark Weinberger to its board of directors as an independent board member, replacing Andrew Gould, the company said in a statement on Sunday. Weinberger was the global Chairman and CEO of EY (previously known as Ernst & Young) from 2013 to 2019. He currently serve as … Continue reading BUSINESS NEWS | Saudi Aramco Appoints Mark Weinberger To Board Of Directors

BUSINESS | OPEC+ Emergency Meeting Likely To Be Postponed To April 8 Or 9: OPEC Sources

Oil Refinery, Chemical & Petrochemical plant abstract at night. BUCHAREST | ROMANIA  - OPEC and its allies will not hold their emergency virtual meeting on Monday and will likely postpone it until April 8 or 9  to allow more time for negotiations among oil producers on crude supply cuts, two OPEC sources said on Saturday.

BUSINESS NEWS | Saudi Arabia Denies Withdrawing From OPEC+ Deal, Says Russia Was The One That Withdrew

RIYADH | SAUDI ARABIA – The Saudi foreign minister said early on Saturday that a statement attributed to Russia’s President Vladimir Putin about the kingdom’s withdrawal from the OPEC+ deal is not correct, and that Russia is the one that withdrew, state agency (SPA) reported. Foreign Minister Prince Faisal bin Farhan Al Saud added that … Continue reading BUSINESS NEWS | Saudi Arabia Denies Withdrawing From OPEC+ Deal, Says Russia Was The One That Withdrew

BUSINESS | U.S. Not Negotiating With Saudi Arabia, Russia; Wants Them To Reach Oil Deal: Source

BUCHAREST | ROMANIA – The White House is not negotiating with Saudi Arabia or Russia over a deal to cut oil production and wants the two parties to come to an agreement among themselves, U.S. Energy Dan Brouillette told industry executives on a call on Friday, according to a source who listened in. Brouillette spoke … Continue reading BUSINESS | U.S. Not Negotiating With Saudi Arabia, Russia; Wants Them To Reach Oil Deal: Source

BUSINESS | OPEC+ Producers Debating Possible Oil Cuts Of 10 Million Bpd: OPEC Source

Oil Refinery, Chemical & Petrochemical plant abstract at night. LONDON – The OPEC+ crude oil exporter is debating cutting global supply by 10 million barrels per day, an OPEC source said on Friday, adding any further cuts must include producers from outside the alliance. U.S. President Donald Trump said on Thursday he had broken  a … Continue reading BUSINESS | OPEC+ Producers Debating Possible Oil Cuts Of 10 Million Bpd: OPEC Source

BUSINESS | Kuwait Backs OPEC+ Merting, Resumes Neutral Zone Shipments With Saudi

Oil Refinery, Chemical & Petrochemical plant abstract at night. RIYADH | SAUDI ARABIA – Kuwait supports Saudi Arabia’s invitation for a meeting between OPEC and non-OPEC oil producers, an informational grouping known as OPEC+, to curb global oil supply and halt the oil price rout, oil minister Khaled al-Fadhel said Friday. The energy ministry of … Continue reading BUSINESS | Kuwait Backs OPEC+ Merting, Resumes Neutral Zone Shipments With Saudi