Sentences with phrase «saudi oil minister»

Now, adding fuel to the fire, while investors expected OPEC to stabilize markets, as usual, the cartel announced after its November meeting that it would not cut supply to support prices and the Saudi oil minister stated there would be no intervention in oil markets even if prices dropped to $ 20 a barrel — at which point animal spirits and hedge funds betting on continued oil price increases wrested control from supply / demand fundamentals.

That point may be reached long before the actual resource is consumed, as pointed out by former Saudi Oil Minister Sheikh Yamani in 1973: «The stone age didn't end because we ran out of stones.»

I like the quote from a Saudi Oil Minister who once said,» They didn't end the stone age because they ran out of stones.

Khalid Al - Falih, the Saudi oil minister, over the weekend acknowledged that some U.S. investors had been slow to sign on the reform proposed by Prince Mohammed dubbed «Vision 2030» because they are focused on dividends.

As Abdelkarim, Nasser and freshman Saudi oil minister Khalid Al - Falih make their rounds in regional and international conferences this week, their contrasting can and can't - do attitudes makes one thing clear: The Kingdom is far more interested in its long - term economic and geopolitical goals than alleviating its short - term oil profitability problem with and for its OPEC partners.

While we don't know anything about Linda Cook's political affiliations, it would be a safe bet that the Harbour Energy principal would be backing President Donald Trump in his Twitter war with the Saudi oil minister over just what the appropriate direction of oil prices should be.

Saudi Oil Minister Khalid Al - Falih has raised the possibility of the meeting ending without agreement

Related: No OPEC Cut Needed, Says Saudi Oil Minister

The comments reflect those made by Saudi Oil Minister Khalid Al - Falih who this month said that oil prices could rise to $ 75 without causing economic damage.

Not exact matches

The president's ire followed a stream of bullish signals from a meeting of oil producers in Saudi Arabia, chiefly from the kingdom's Energy Minister Khalid Al - Falih.

Saudi Arabia» oil minister and chairman of Saudi Aramco Khalid A. Al - Falih arrives as Crown Prince Mohammad bin Salman meets Britain's Prime Minister Theresa May in Downing Street in London, March minister and chairman of Saudi Aramco Khalid A. Al - Falih arrives as Crown Prince Mohammad bin Salman meets Britain's Prime Minister Theresa May in Downing Street in London, March Minister Theresa May in Downing Street in London, March 7, 2018.

Nonetheless, Saudi Arabia's economy is still largely predicated on oil and, with oil prices rising on the back of Saudi - led OPEC and non-OPEC producers curbing oil supply, the kingdom's finance minister said he welcomed higher prices but they would not affect spending limits.

Saudi oil policy reversed course after Saudi Aramco technocrat Khalid al - Falih took over as energy minister, shifting from a market share strategy to active market management.

Saudi Arabia hopes OPEC and its allies will be able to relax production curbs next year and create a permanent framework to stabilize oil markets after the current supply cut deal ends this year, its oil minister said on Saturday.

Saudi Arabia's Oil Minister Khalid al - Falih listens during a news conference after an OPEC meeting in Vienna, Austria, November 30, 2017.

Saudi Energy Minister Khalid Al - Falih has said it would be a risk to list in New York because of liabilities and litigation, including the climate change lawsuits against other oil companies by New York City.

Oil prices rose on Friday after the Saudi energy minister said OPEC would need to keep coordinating supply cuts with non-member countries including Russia into 2019.

However, HSBC notes that not only will new ministers not change Saudi's stance on oil, they'll also leave policy around Saudi Arabia's currency, the riyal, largely unchanged.

To maintain that level of outlays, Ali Niami, the Oil Minister of Saudi Arabia, stated in an interview with The Financial Times that oil at $ 100 a barrel was the needed prOil Minister of Saudi Arabia, stated in an interview with The Financial Times that oil at $ 100 a barrel was the needed proil at $ 100 a barrel was the needed price

- At the same time, both Iran and Iraq must make sacrifices for Saudi Arabia to accept the deal, Iran takes opposite view, insisting Saudi should cut more, as it boosted output most in recent years: oil producers that raised output in past years while Iran was subject to sanctions «will have to shoulder a bigger share of the output drop and accept more responsibility»: oil minister Bijan Zanganeh

Saudi Foreign Minister Adel al - Jubeir said on Sunday that Iran must change its «behaviour» towards his country if it wants normal ties with the oil - rich Sunni kingdom.

«The sentiment generally is optimistic and positive,» Saudi Arabia's Oil Minister Khalid al - Falih said before the final meeting on Wednesday.

Executive Director meets with Saudi Energy Minister, H.E. Khalid A. Al - Falih Discussions focus on oil market developments and how IEA can collaborate on increasing renewables, nuclear and energy efficiency in Saudi Arabia 10 April 2018

Crude oil prices jumped a percent today on comments from Saudi Arabia's Energy Minister Khalid al - Falih, who said he expected the OPEC + production cut deal would be extended into next Continue Reading

Saudi Arabia's energy minister, Khalid Al - Falih, clarified his position on the cuts and oil price target.

Oil prices erased early losses to rise on Thursday afternoon after Algeria's Energy Minister Noureddine Boutarfa said that most OPEC producers are supporting the Saudi - Russian proposal for an extension of the production cuts until March 2018.

During a major industry gathering in Houston this week Ali al - Naimi, Saudi Arabia's oil minister, ruled out the possibility of cutting output, damping hopes of more aggressive action to curb a glut estimated by some traders to be as large as 2m b / d.

Oil prices spiked to a two - year high after Saudi Arabia launched a country - wide probe into corruption, detaining numerous high - profile individuals, including prominent businessmen and members of the ruling al - Saud family, as well as current and former ministers.

The shakeup in Saudi Arabia «s cabinet this weekend that brought Ali al - Naimi's 20 - year tenure as oil minister to an end is another sign the kingdom is prepared to flex its muscles in the Middle East, Again Capital founding partner John Kilduff said Monday.

On Wednesday, Saudi Energy Minister Khalid al - Falih said — after meeting with his Russian counterpart Alexander Novak — that OPEC and non-OPEC producers are committed to do «whatever it takes» to draw the global crude oil inventories down to their five - year average.

As I shared with you earlier this month, oil prices climbed to two - year highs following Saudi Arabia's purge of princes and ministers.

Riyadh — Mubasher: Saudi Arabia won't amend its economic reform plans after oil prices have turned a corner, Minister of Finance Mohammed bin Abdullah Al - Jadaan said.

Saudi Arabia's energy minister, Khalid al - Falih, also re-invigorated the market on Monday saying he was optimistic that major oil producers will agree to cut production by November, and that $ 60 - a-barrel prices were not out of the question.

Executive Director meets with Saudi Energy Minister, H.E. Khalid A. Al - Falih Discussions focus on oil market developments and how IEA can collaborate on increasing renewables, nuclear and energy efficiency in Saudi Arabia 10 April 2018

EDITION 12.5 Saudi Arabia's Oil Minister not only endorses energy efficiency and renewable energy, a complete reversal of his previous stance, but he calls global warming «among humanity's most pressing concerns.»