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Media ID: 55377030
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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

Falih Statements Move Oil Prices Higher

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,...
Media ID: 55370134
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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


Media ID: 55347991
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Riverstone Holdings Partner Mark Papa speaks during a luncheon and keynote during the second day of IHS CERAWeek at the Hilton Americas Tuesday, Feb. 23, 2016.


Media ID: 55343387
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The Shaybah oilfield complex is seen at night in the Rub’ Al-Khali desert, Saudi Arabia, on November 14, 2007. (Reuters/Ali Jarekji)


Media ID: 55341586
Caption:

Kuwaiti Oil Minister Ali Al-Omair speaks during the opening of a forum to discuss emerging trends in hydrocarbon production and use in the region, in Kuwait City, on January 21, 2015. (AFP Photo/Yasser Al-Zayyat)


Oil prices rise above $60 for first time this year

Oil prices rise above $60 for first time this year

Kuwait City, Asharq Al-Awsat—Global oil prices rose above 60 US dollars a barrel for the first time this year on Monday, on news of a sharp drop in US oil drilling activity and falling output from Libya, though they slipped slightly again during trading on Tuesday....