Middle-east Arab News Opinion | Asharq Al-awsat

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Saudi Energy Minister Khalid al-Falih attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia, June 2, 2017. REUTERS/Sergei Karpukhin

Falih Statements Move Oil Prices Higher

by Asharq Al-Awsat | Jun 20, 2017 | Business

London- Statements made by Energy Minister Eng. Khalid al-Falih pushed up oil prices on Monday after being under pressure for four weeks due to the rise of US outcome and the recovery of Libya and Nigeria production – exempted from oil outcome cut. “In my opinion,...

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Saudi Arabia’s Energy Minister Khalid al-Falih talks during the 23rd World Energy Congress in Istanbul, Turkey, October 10, 2016. REUTERS/Murad Sezer

Saudi Energy Minister: Market Fundamentals Are Heading in the Right Direction

by Musaid Al-Zayani | Jun 19, 2017 | Interviews

Dhahran- Saudi Energy Minister Khaled al-Falih said that the oil market has been showing a growing shift towards the right path, but OPEC agreed oil cuts need time before completely relieving the present glut. OPEC’s first in eight years initiative on curbing...

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Finding and extracting oil is expensive. No wonder it’s slowed down. Photographer: Andrey Rudakov/Bloomberg

How This Economic Recovery Ends

by Conor Sen | Jun 16, 2017 | Business, Opinion

Every boom in the US economy is different, but over the past several decades, each has ended the same way. First you get full employment. Then you get a spike in the price of oil. And then there’s a recession. The US hit full employment in August 2015. And yet...

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A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo October 10, 2012. REUTERS/Kim Kyung-Hoon

World Bank Official: Saudi Reforms to Raise Growth by More than 2%

by Fatah Al-Rahman Youssef | Jun 16, 2017 | Business

Riyadh – A World Bank official revealed that the settlement of the economic growth rate in Saudi Arabia in 2017 at 0.6% has ensued from cutting oil product. He stated to Asharq Al-Awsat that reforms related to the National Transformation Program 2020 (NTP) and...

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Russian President Vladimir Putin (R) attends a meeting with Saudi Defence Minister Prince Mohammad Bin Salman at the Konstantin (Konstantinovsky) Palace in St. Petersburg, Russia, June 18, 2015. REUTERS/Grigory Dukor – RTX1H394

Saudi Arabia…Balance of Oil Markets, Compass to Successful Decisions

by Shuja Al-Baqmi | Jun 1, 2017 | Business

Riyadh- Saudi Arabia has drawn a new global oil policy over the year 2017 and the first quarter of 2018 as the Kingdom has played a major role in the conclusion of the deal between Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC states for the...