Tag Archives: Khalid A Al Falih

Russia is looking to open new gas fields and selling to the international market.

Russia has three oil export terminals on its Arctic coast.

OPEC is expected to stick to its current policy of output cuts in the second half of 2018.

U.S. drillers added two oil rigs to reach 749 in the week ended Dec. 1. the highest level since late September. according to Baker Hughes.

At $60. the Kingdom and some other Gulf countries (though not Oman and Bahrain) will probably run a current account surplus for 2018.

Rising U.S. production helped fuel a slump in prices.

The group is ``extremely assured. optimistic`` for oil in the short and medium term. with investments flowing back sooner than later.

Saudis want production cuts extended through 2018. while Moscow wants flexibility.

Both OPEC and non-OPEC members are expected to continue the cuts into 2018 to help keep prices rallying.

Many experts and officials are expecting the output cut agreement to be extended.