Tag Archives: Khalid A Al Falih

Libya has been given a pass due to its chronic production outages.

Alexander Novak will hold separate bilateral meetings with the oil ministers of Saudi Arabia and Iran.

Two of OPEC’s members. Libya and Nigeria. have asked to be exempt from the cuts like they were for the last round of cuts.

OPEC delegates have said the group and its allies could cut by 1 million bpd if Russia contributed 150.000 bpd of that reduction.

The Saudis are working hard on the cut. But if Russia says no cut. then OPEC won'.t cut.

Consensus within the OPEC non-OPEC coalition is growing for a cut.

A decision on the production policy in 2019 can be reached at an OPEC+ ministerial meeting in Vienna on December 6-7.

Aramco signed five new crude oil supply agreements with five Chinese customers in Shanghai in early November.

Saudi Arabia has said that if it does not get U.S. assistance to build reactors it may turn to other international partners.

Aramco’s Research and Development Center won the Breakthrough Research of The Year for their Project.