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Saudi Arabia’s Energy Minister Khalid al-Falih addresses a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, December 10, 2016. REUTERS/Heinz-Peter Bader
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Saudi ARAMCO President and Chief Executive Amin H. Nasser speaks during the opening of the Middle East Petrotech 2016, an exhibition and conference on refining and petrochemical industries, in Manama, Bahrain, September 26, 2016. REUTERS/Hamad I Mohammed/File Photo
OPEC-Led Cuts Rebalancing Global Oil Market
The oil market is moving towards a balance between supply and demand with the help of an agreement reached between OPEC and other producers to cut production, the chief executive of Saudi Aramco said on Thursday. The Organization of the Petroleum Exporting Countries,...Caption:
Saudi Energy Minister Khalid al-Falih. (AFP)
Oil-Producers Might Extend Agreement on Cutting Outputs
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...Caption:
UAE Minister of Energy Suhail al-Mazrouei. AP
UAE Expects Strong Demand for Oil from Emerging Markets in Africa, Asia
Dubai- UAE Minister of Energy Suhail al-Mazrouei said that he sees a healthy level of demand for crude oil in the future from emerging economies in Africa and Asia and that the UAE would remain commercially-minded in its strategic oil investments. Mazrouei’s comments...Caption:
Amin Nasser, president and chief executive officer of Saudi Arabian Oil Company (Saudi Aramco), speaks at the China Development Forum in Beijing, China, March 19, 2017. REUTERS/Shu Zhang