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Khalid Al-Falih, chief executive officer of Saudi Arabian Oil Co., looks on during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 21, 2016. World leaders, influential executives, bankers and policy makers attend the 46th annual meeting of the World Economic Forum in Davos from Jan. 20 – 23. Photographer: Matthew Lloyd/Bloomberg via Getty Images
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Oil Refinery / Reuters
Saudi Oil Stockpiles Hit 20 Months Low
Khobar- Saudi Arabia’s crude oil stockpiles fell last April reaching the lowest level in 20 months. Official statistics issued on Monday, revealed that stockpiles dropped to 290.8 million barrels in March from 329.4 million barrels in October. In April, Saudi Arabia...Caption:
Saudi Energy Minister Khalid al-Falih. Reuters
Falih: New Ways Must be Found to Restore OPEC’s Position
Vienna-Guarding one of the Park Hayat suites, stands Cobra, the name that former Saudi Minister of Petroleum and Resources Ali al-Naimi gave to his bodyguard, who continued to keep the security of current Minister of Energy, Industry, and Mineral Resources Khalid...Caption:
Khalid Al-Falih Minister of Energy. Industry and Mineral Resources of Saudi Arabia speaks to journalists prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, June 2, 2016. (AP)
Al-Falih’s First OPEC Mission: Successful
Vienna- A week ago, no one concerned with the oil industry had expected for the OPEC June meeting to end in amiable accord, despite the deep running dispute among member states. Ghosts of doubt hovered over the meeting being successful. The failure of the April Doha...Caption:
Saudi new Energy Minister Khalid al-Falih. Photograph: Hamad I Mohammed/Reuters