Middle-east Arab News Opinion | Asharq Al-awsat

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Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia, center, arrives for a group photo prior to the opening of the 15th International Energy Forum Ministerial meeting in Algiers, Algeria, Tuesday, Sept. 27, 2016. (AP Photo/ Sidali Djarboub)

Iran Rejects Saudi Proposal to Freeze Oil Output

by Wael Mahdi | Sep 28, 2016 | Business

Algiers-The Organization of the Petroleum Exporting Countries (OPEC) will convene on Wednesday on the sidelines of the International Energy Forum, which gathers oil producers and consumers. Many countries are hoping that this consultative meeting would result in an...

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An oil pump jack pumps oil in a field near Calgary, Alberta, July 21, 2014. Pump jacks are used to pump crude oil out of the ground after an oil well has been drilled. REUTERS/Todd Korol

Oil Producers Await a Change in Saudi Stance

by Wael Mahdi | Sep 25, 2016 | Business

Khobar- Saudi Arabia has been adopting since 2014 a clear oil policy that is based on maintaining market share and letting the market fix itself by itself. This policy depends on the philosophy which says that prices might not rise – then Saudi Arabia might lose...

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Khalid A. Al-Falih (L) and Ali al-Naimi attend a news conference at the opening ceremony of the King Abdullah University of Science and Technology (KAUST) in Jeddah September 23, 2009. REUTERS/Susan Baaghil/File Photo

Historic Event: Moscow, Riyadh Cooperate to Monitor Oil Market

by Wael Mahdi | Sep 6, 2016 | Business

Khobar- Oil prices rose on Monday right after Saudi Arabia and Russia signed an initial agreement to discuss possible ways to support oil market stability. The agreement was highly welcomed by oil-producing countries. However, the biggest oil-producing countries in...

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Oil Refinery in China Marwan Naamani | AFP | Getty Images

How does Saudi Arabia Maintain its Share in Chinese Oil Market?

by Wael Mahdi | Aug 31, 2016 | Business

Al-Khobar – There is no doubt that the Chinese oil market has become more competitive this year and based on the Chinese government’s statistics, Saudi Arabia holds the largest share in the Chinese market, however the amount of oil imports from Saudi Arabia...

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Khalid Al-Falih speaks to delegates at the 21st World Energy Congress in Montreal, September 13, 2010. REUTERS/Shaun Best/Files

Falih: Aramco to Issue Underwriting in 2018

by Wael Mahdi | Aug 26, 2016 | Business

Khobar- Saudi Energy Minister Khalid Al-Falih revealed that Aramco shares underwriting might be issued in the beginning of 2018. However, it has not been decided yet in which stocks the underwriting will be conducted. Falih affirmed during a seminar at the U.S.-Saudi...