Saudi oil minister reaffirms OPEC output squeeze
Saudi Energy Minister Khaled al-Faleh
Riyadh - Egypt Today
Saudi Energy Minister Khaled al-Faleh said Monday that oil producing nations could start discussing in June when to raise output, though OPEC is expected to maintain curbs until it clears a global glut.
OPEC and its partners agreed last week to keep a lid on output for all of 2018, a strategy that aims to reduce a global excess in supply that has pushed oil prices lower and left a huge hole in the finances of producer nations.
"We will not alter our course in the second half of the year," Faleh told reporters in Riyadh after a meeting with US Energy Secretary Rick Perry.
"However, the outlook for when we will hit the balanced market will be clearer in June and we will start thinking of what to do in 2019.
- Tuesday ,04 December GMT 08:07 2018 Mohammed bin Salman signs off Algiers visit with trade, security pact
- Monday ,15 October GMT 07:20 2018 UAE mogul Khalaf Al-Habtoor calls for a boycott of US firms, execs. who pulled out of Saudi investment summit
GMT 08:07 2018 Tuesday ,04 December
Mohammed bin Salman signs off Algiers visit with trade, security pactGMT 08:14 2018 Thursday ,25 October
Future Investment Initiative - Day 3GMT 09:39 2018 Tuesday ,23 October
Future Investment Initiative opens in Saudi ArabiaGMT 07:20 2018 Monday ,15 October
UAE mogul Khalaf Al-Habtoor calls for a boycott of US firms, execs. who pulled out of Saudi investment summitGMT 08:37 2018 Tuesday ,02 October
Abdulrahman Altheeb, CEO Scopeer, Saudi crowdfunding platformRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 13:21 2017 Wednesday ,22 November
RAK Chamber celebrates its Golden Jubilee this NovemberGMT 06:37 2013 Saturday ,25 May
Hasna El-bacharia, Gaâda Diwane band at seventh festival of Diwane
GMT 17:56 2017 Monday ,06 February
‘Terrorist’ bomb blast hits outside Bahraini capital
GMT 09:03 2017 Sunday ,17 September
Assistant foreign minister holds meetings in Geneva
GMT 13:10 2017 Monday ,20 March
New Zealand's Taylor ruled out of third Test against South AfricaGMT 13:14 2012 Saturday ,19 May
Verizon\'s and Comcast\'s data capsGMT 08:15 2011 Monday ,19 December
Sheikha Mozah pledges to support cash-strapped UNESCO
GMT 05:06 2016 Sunday ,18 December
National Media Council organises workshop on behavioural science in communicationGMT 12:37 2012 Sunday ,24 June
Ahmed Shafiq, Egypt\'s first elected president
GMT 11:45 2015 Sunday ,16 August
15 suspected Kurdish militants arrested in Istanbul
GMT 05:00 2017 Wednesday ,26 April
Petrochemical shares drag Tadawul lowerGMT 06:54 2011 Thursday ,15 December
A taste of Colorado through Rocky Mountain brewsGMT 13:32 2011 Thursday ,21 July
Hamilton wary of forecastsGMT 16:23 2011 Monday ,01 August
Putin agrees to take part in documentary filmGMT 12:28 2011 Wednesday ,24 August
Hamad sends cable to the president of Ukraine
GMT 22:04 2013 Thursday ,01 August
British Forward Thinking reacts against open letter of The Times
GMT 21:22 2015 Thursday ,28 May
Egypt to support Prince Ali bin al-Hussein in FIFA electionGMT 12:40 2011 Thursday ,15 December
Riham Abdel Ghafour\'s comeback
GMT 11:30 2015 Wednesday ,29 July
Japan artist battles public museum
GMT 02:21 2016 Sunday ,01 May
Results of Chinese Super League
GMT 15:08 2015 Thursday ,09 April
Why I quit my first 'real' job at 22 after only 2 months?
GMT 16:39 2017 Wednesday ,15 November
Aden Airport receives the first commercial flights
GMT 15:46 2017 Monday ,21 August
Qatar says 'no delays' on 2022 World Cup
GMT 13:45 2017 Saturday ,04 November
Al Khateeb travelled to Morocco for final
GMT 20:55 2017 Wednesday ,26 April
Iraqi Premier Meets Australian Counterpart
GMT 12:39 2016 Thursday ,06 October
Monfils, Kyrgios move to Japan Open quarters
GMT 06:01 2017 Sunday ,26 February
BRIC funds see inflows amid emerging equity boomGMT 08:04 2012 Friday ,02 March
Fear of Food: How anxiety influences eating habitsGMT 19:46 2012 Monday ,09 April
Bat-killer fungus likely came from Europe
GMT 12:34 2017 Saturday ,30 December
India likens crypto cash to Ponzi schemes
GMT 16:47 2017 Tuesday ,22 August
Dora says her role is different from her roles
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor