Tag Archives: Saudi Arabia

Saudi Arabia and Iraq are OPEC’s two biggest producers.

The comments from al-Falih were quickly met with pushback from the IEA’s top officials.

In global politics. as in business. there are no ``friends`` and there is no ``bromance.

Falih said OPEC and its non-OPEC allies would exit from oil production cuts very gradually and smoothly.

The IPO is the brainchild of Crown Prince Mohammed Bin Salman as the cornerstone of his Vision 2030 program to reform the country’s oil-dependent economy.

The IMF’s outlook revision comes as Saudi Arabia and Russia discuss their exit strategy for the oil production cut.

There’s an acceptance that the OPEC-led deal should extend beyond 2018. Falih said.

The world’s top oil exporter aims to hold its production at around 9.8 million bpd level from January until March.

OPEC and its partners see merit in maintaining their curbs into 2019.

Energy ministers of Russia and Saudi Arabia discussed prospects of cooperation between both countries.