Middle-east Arab News Opinion | Asharq Al-awsat

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Khalid al-Falih Saudi energy minister attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 19, 2017. REUTERS/Ruben Sprich

Saudi Energy Minister Says OPEC Deal May Be Extended Beyond 2017

by Asharq Al-Awsat English | May 8, 2017 | Business

Oil prices rose on Monday after Saudi Arabia’s energy minister Khalid Al-Falih said he still expected an OPEC-led deal to cut output during the first half of the year to be extended to all of 2017. “Based on the consultation I have had with participating...

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Saudi Energy Minister Khalid al-Falih. (AFP)

Oil-Producers Might Extend Agreement on Cutting Outputs

by Sabri Najeh and Asharq Al-Awsat | Apr 21, 2017 | Business

Cairo, Abu Dhabi – OPEC members might extend the agreement to cut outputs in order to achieve the desired rebalancing of the market, announced Saudi Arabia and Kuwait. Saudi Energy Minister Khalid al-Falih said that oil-producing countries might have to prolong...

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OPEC logo is pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. REUTERS/Ramzi Boudina

OPEC Countries Show Full Compliance with Output-cut Agreement

by Wael Mahdi | Mar 26, 2017 | Business

Kuwait – Kuwait will be hosting, on Sunday, a meeting for the ministerial committee tasked with monitoring oil production of the 24 countries that have joined the international decision to reduce oil product for the purpose of restoring balance in the market and...

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Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. REUTERS/ Ali Jarekji/File Photo

Boutique Bank Moelis Wins Advisory Role of Mammoth Saudi Aramco IPO

by Wael Mahdi | Feb 9, 2017 | Business

Khobar – New York-based boutique investment bank Moelis & Co (MC.N) has been chosen as an adviser by Saudi Aramco on its plans for what is expected to be the world’s biggest initial public share offer (IPO). Moelis will be the internal independent...

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Royal Dutch Shell and Saudi Aramco will split up assets of their Motiva joint venture. Reuters

Aramco to Acquire U.S. Largest Refinery, Drifts Away from Asia

by Wael Mahdi | Feb 8, 2017 | Business

Khobar- At a time when Aramco, Saudi Arabia’s giant oil company, stopped implementing projects for refineries in Asian countries such as Vietnam, Malaysia and Indonesia, it is getting close to acquiring the largest refinery in the United States. Shell Oil Co, the U.S....