U.S. Energy Secretary Makes Phone Call To Saudi Arabia Ahead of OPEC+ Meet

The United States said in call with Saudi Arabia that energy should be kept affordable for consumers, as the administration of President Joe Biden resumed the practice of his predecessor Donald Trump who contacted OPEC’s leaders before key meetings. U.S. Energy Secretary Jennifer Granholm said on Twitter she had a call with Saudi Energy Minister … More U.S. Energy Secretary Makes Phone Call To Saudi Arabia Ahead of OPEC+ Meet

BUSINESS | Saudi Arabia Makes Four New Oil, Gas Discoveries: Energy Minister

RIYADH – – Saudi Aramco has discovered four new oil and gas fields in Saudi Arabia, the Minister of Energy Prince Abdulaziz bin Salman announced on Sunday, according to Saudi Press Agency (SPA). Non-conventional oil was discovered in the al – Reesh oil field, north – west of the Dhahran. The city, a major administrative … More BUSINESS | Saudi Arabia Makes Four New Oil, Gas Discoveries: Energy Minister

BUSINESS | OPEC+ Panel To Hold Informal Online Talks On Saturday

A panel of OPEC+, a group of leading oil producing countries, will hold informal online talks on Saturday prior to meetings scheduled for next week, a letter seen by Reuters showed and source with knowledge of the matter said. OPEC+ is debating whether to ease oil output cuts from Jan.1, as it previously agreed, or … More BUSINESS | OPEC+ Panel To Hold Informal Online Talks On Saturday

BUSINESS | Saudi Energy Minister Says Effective Global Oil Cuts Above 19 million bpd

BUCHAREST | ROMANIA  – Saudi Arabia’s energy minister said on Monday that effective global oil supply cuts would amount to around 19.5 million barrels per day, taking into account the reduction pact agreed by OPEC+, pledges by other G20 nations and oil purchases into reserve. OPEC and allies led by Russia, a group known as … More BUSINESS | Saudi Energy Minister Says Effective Global Oil Cuts Above 19 million bpd

BUSINESS | Saudi Energy Minister: No Need For OPEC+ Meet If No Agreement On Handling Oil Market Crisis

RIYADH – Saudi Arabia’s energy minister said on Tuesday he does not see a need to hold an OPEC+ meeting in May-June if there was no agreement on what measures should be taken to deal with the impact of the coronavirus on oil demand and prices. ‘I fail to see the wisdom for holding meeting … More BUSINESS | Saudi Energy Minister: No Need For OPEC+ Meet If No Agreement On Handling Oil Market Crisis

BUSINESS | OPEC+ Will Respond Responsibly To Spread Of Coronavirus, Says Saudi Energy Minister

RIYADH | Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said on Tuesday he was confident that OPEC and its partner oil-producing nations, the so-called OPEC+ group, would respond responsible to the spread of the coronavirus. He also said Saudi Arabia and Russia would continue to engage regarding oil policy. ‘Everything serious requires behind attended … More BUSINESS | OPEC+ Will Respond Responsibly To Spread Of Coronavirus, Says Saudi Energy Minister

KSA | Saudi Has Restored Oil Output After Attacks, Focused On Aramco IPO: Energy Minister

MILAN, ITALY – Saudi Arabia has fully restored oil output after attacks on its facilities last month and is now focused on the listing of Saudi Aramco, its energy minister Prince Abdulaziz bin Salman said. The Kingdom’s oil production capacity now stands at 11.3 million barrels per day, he hold Moscow energy conference on Thursday, … More KSA | Saudi Has Restored Oil Output After Attacks, Focused On Aramco IPO: Energy Minister