Tag Archives: Abdulaziz bin Salman Al Saud

Saudi Arabia’s energy minister said on April 13 that effective global oil supply cuts would amount to around 19.5 MMbbl/d, taking into account the reduction pact agreed by OPEC+, pledges by other G-20 nations and oil purchases into reserves. OPEC and allies led by Russia, a group known as OPEC+, …

Saudi Arabia’s foreign and energy ministers on Saturday denied Russia’s claim that the Kingdom abandoned the OPEC+ deal, leading to a collapse in world oil prices. In a statement carried by the Saudi Press Agency (SPA), Foreign Minister Prince Faisal bin Farhan said “a statement attributed to one of the …

Saudi Arabia supports the further oil production cut. but Russia is yet to announce its final position on the matter.

Every member in the OPEC+ group is a responsible and responsive oil producer.

The Kingdom consumes 688.000 barrels of liquid fuel to generate electricity.

OPEC+ is due to meet in Vienna on March 5 and 6 to set their policy.

There is no more reliable and responsible supplier than Saudi Arabia.

Aramco shares will begin to be trade publicly on Saudi stock exchange Tadawul next week.

The initial public offering for state-owned oil company Saudi Aramco will come soon.

The officials agreed on Monday that any threat to oil facilities infringed on the interests of all countries of the world.