Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55366037
Caption:

Russia’s Energy Minister Alexander Novak, OPEC President Qatar’s Energy Minister Mohammed bin Saleh al-Sada and Saudi Arabia’s energy minister Khalid al-Falih (L-R) address 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

OPEC Kicks Off Cut Deal Monitor

by Asharq Al-Awsat | Jan 22, 2017 | Business

Khobar- Energy ministers from OPEC and non-OPEC countries meeting in Vienna on Sunday empowered a committee set to monitor compliance with the deal meets for the first time. “I am satisfied, I am optimistic and, as I said, the markets are on their way to...

Media ID: 55364468
Caption:

Saudi Arabia’s Energy Minister Khalid al-Falih talks to journalists before a meeting of OPEC oil ministers in Vienna, Austria, June 2, 2016. REUTERS/Leonhard Foeger/File Photo

Saudi Arabia Optimistic about Oil Prices in 2017

by Wael Mahdi | Dec 26, 2016 | Business

Khobar – The Saudi Arabian budget was expected to be more clear this year concerning the announcement of oil prices rates used to calculate the budget’s estimations, yet, the oil price rate was maintained hidden till the next year. Khalid A. Al-Falih, Saudi...

Media ID: 55358253
Caption:

A drilling rig is pictured at a well pad of the Rosneft-owned Prirazlomnoye oil field outside the West Siberian city of Nefteyugansk, Russia, August 4, 2016. REUTERS/Sergei Karpukhin

OPEC Predicts Hike in 2017 Surplus

by Asharq Al-Awsat | Sep 13, 2016 | Business

Demand for crude from the Organisation of the Petroleum Exporting Countries will average 32.48 million barrels per day (bpd) in 2017, OPEC said in a monthly report on Monday. That is down from the previous forecast of 33.01 million bpd. OPEC itself kept output near a...