Tag Archives: Khalid A Al Falih

Falih hopes oil producers will be able to balance the oil market before next year.

OPEC was close to agreeing to extend a pact on cutting oil supplies beyond June.

The Kingdom is closely monitoring recent developments in the oil market.

Increasing trade friction and potential barriers would certainly have a negative impact on the global economy and oil demand growth.

Producers are capable of filling any market gap and that relaxing supply cuts is not the right decision.

OPEC will not decide on output until late June when the group is due to meet.

OECD oil inventories as of March stood 22.8 million barrels above the five-year average.

Saudi'.s oil production would be much lower than 10 million bpd until the end of next month.

Saudi Arabia’s April crude oil production was nearly steady with previous months.

TAPI is an important linchpin in the realization of the New Silk Road in the arena of energy.